Selina Finance is a UK second charge lender. Its home equity line of credit lets homeowners release equity from their home without replacing their existing mortgage, and draw on the facility as and when they need it. Because the loan is secured on a home you live in, it is a regulated mortgage contract and comes with additional protections. Bridge & Build Finance is an independent broker and is not part of Selina Finance. You can read more on Selina Finance's own website.
About Selina Finance
Selina Finance Limited is authorised and regulated by the Financial Conduct Authority and is based in London. It specialises in second charge lending, which means its loans sit behind a homeowner's existing first charge mortgage rather than replacing it. Its two main products are the home equity line of credit and a fixed-sum home equity loan.
Selina's secured loans are regulated consumer mortgages, so affordability and suitability are assessed under FCA rules, and Selina provides advice on its loans through its own advisers. If the property is, or will be, lived in by you or a close family member, the loan is a regulated mortgage contract and comes with additional protections. We will tell you at the outset if that applies and how your case will be handled.
Selina Finance is one of the lenders we compare for second charge borrowing on a home, where a flexible facility may suit better than a short-term bridge.
How the Selina HELOC works
At the time of writing (October 2026), Selina's product guide sets out the home equity line of credit as follows:
| Feature | What Selina says |
|---|---|
| Facility size | £5,000 to £500,000 up to 75% loan to value; £5,000 to £300,000 between 75% and 85% loan to value (including your first mortgage) |
| Term | 5 to 30 years |
| Draw period | 2, 3, 4 or 5 years, during which you can draw, repay and redraw, with interest charged only on the amount drawn |
| Minimum drawdown | £50 |
| Early repayment | No early repayment charges |
| Rate | Variable, priced on the individual case |
| Security | Second charge on your main home or second home |
| Where | England, Wales and mainland Scotland |
A product fee applies, set as a percentage of the facility limit and capped. Selina also offers a fixed-sum home equity loan, which is not part of the comparison we show in Instant Quotes.
The HELOC is a long-term facility rather than a bridging loan. Because it has no early repayment charges, some homeowners use it to raise funds against their home for a property project and repay it when a sale or refinance completes. Whether that is suitable depends on your circumstances, and the facility is assessed on affordability like any regulated mortgage.
Who Selina Finance suits (and who it may not)
The Selina HELOC tends to suit:
- Homeowners with an existing mortgage who want to release equity without remortgaging.
- Borrowers who want flexible access to funds over several years rather than a single lump sum.
- Those who expect to repay early, for example from a sale, as there are no early repayment charges.
- Landlords, contractors and self-employed borrowers, who Selina says it can help.
It is not designed for borrowing secured on a buy-to-let, HMO or commercial property, or on the property you are buying. It does not fund development or heavy works on an investment property, and it is not available in Northern Ireland. Investors who need short-term finance on the property being bought or refurbished will usually be looking for a bridging loan instead.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What Selina Finance looks at
As a regulated lender, Selina assesses both the property and your ability to repay. Its published criteria include:
- A minimum property value of £100,000, or £150,000 for flats in blocks of five or more floors.
- For leasehold homes, at least 55 years left on the lease at the end of the term.
- Applicants aged 21 or over, and no older than 80 years and 3 months at the end of the term.
- At least one bank account and one existing mortgage on your credit file.
- Borrowing of no more than 6.5 times income, with no set minimum income.
- Credit history: satisfied CCJs and defaults are ignored, but no bankruptcy or IVA in the last 36 months and no repossessions.
Non-standard construction and major renovation are considered case by case.
Pros and cons
Pros
- Draw, repay and redraw during the draw period, paying interest only on what you use.
- No early repayment charges.
- Leaves your existing mortgage in place.
- Facilities from £5,000, with a £50 minimum drawdown.
- Regulated lending, with the protections that come with it.
Cons
- Secured on your home, so your home is at risk if you do not keep up repayments.
- Variable rate, so the cost can change.
- Not available on buy-to-let, HMO or commercial property, or on the property being bought.
- England, Wales and mainland Scotland only.
- A product fee applies to the facility limit.
Comparing Selina with other options
A home equity line of credit, a second charge bridge and a first charge bridge on the property being bought all work differently, with different costs, terms and protections. The right choice depends on what the money is for, how long you need it and how it will be repaid. We compare the options, explain how each would work for your plans and tell you at the outset how your case will be handled.
It is free to enquire, and any broker fee is disclosed before you proceed. Our guide to regulated and unregulated bridging explains when a loan secured on property is regulated.
Alternatives to Selina Finance
- Together: regulated and unregulated bridging, including second charges.
- Precise Mortgages: regulated and unregulated bridging from a specialist lender.
- United Trust Bank: regulated bridging, including second charges, from a specialist bank.
- West One: regulated and unregulated bridging on residential property.
- MT Finance: bridging across many property types, including regulated cases.
If you are borrowing against your own home, our page on regulated bridging loans explains the extra protections that apply.
Common questions
What is a Selina home equity line of credit?
It is a regulated second charge loan on your home that works like a flexible credit line. During a draw period of 2 to 5 years you can draw, repay and redraw, paying interest only on what you have drawn.
How much can I borrow with Selina Finance?
Selina's guide gives £5,000 to £500,000 up to 75% loan to value, or up to £300,000 between 75% and 85%, including your existing mortgage.
Is a Selina HELOC a bridging loan?
No. It is a long-term facility of 5 to 30 years secured on your home. It has no early repayment charges, so some homeowners repay it early from a sale or refinance, but it is assessed and regulated as a mortgage.
Can I use a Selina HELOC on a buy-to-let or the property I am buying?
No. Selina lends only on your main home or second home, behind your existing mortgage. It does not lend on buy-to-let, HMO or commercial property, or on the property being bought.
Is Selina Finance regulated?
Yes. Selina Finance Limited is authorised and regulated by the Financial Conduct Authority, and its loans on your home are regulated mortgage contracts with additional protections.
This review is our independent summary of the lender's publicly stated lending, checked in October 2026. Criteria change, so confirm the current position before relying on it. Bridge & Build Finance is an independent broker and is not part of any lender reviewed. Finance is subject to status, valuation and lender approval.
