Selina Secured Loans UK In-Depth Review of Rates, Terms and Home Equity Options for Homeowners
Practical UK breakdown of Selina secured loans for homeowners, comparing rates, eligibility and repayment options when borrowing against home equity
Overview for UK homeowners
Selina secured loans are aimed squarely at UK homeowners who want to unlock home equity without remortgaging. You can borrow from around £10,000 up to £500,000 against properties valued from roughly £100,000, with loan-to-value ratios that can reach 85% depending on circumstances.
This product suits people funding major home improvements, consolidating higher-rate debt, or financing a buy-to-let purchase. Using your property as security means lower rates than typical unsecured credit, but it also brings the usual repossession risk if repayments aren’t met.
Rates, terms and repayment choices
Selina secured loans come with both fixed and variable rate options, and terms extending up to 30 years, which helps reduce monthly payments for large sums. Fixed rates offer budgeting certainty, while variable rates may start lower but can move with market conditions.
Be aware of typical costs beyond interest: valuation fees, arrangement fees and potential early repayment charges. Selina’s high LTV option is attractive, yet borrowers should always compare total borrowing costs over the full term before committing.
Eligibility, fees and the application route
To qualify for Selina secured loans you generally need to be a UK homeowner with a steady UK income and a decent credit profile. Joint applications are possible and income thresholds typically reflect lender underwriting, so providing payslips, bank statements and proof of ownership speeds the process.
Applications start with a soft credit check for an initial quote, then a full valuation and formal credit check if you proceed. Expect solicitor involvement to register the charge on your property and ask about explicit fee schedules to avoid surprises during completion.
Pros, cons and when to choose Selina
Key advantages of Selina secured loans include access to high LTVs and long repayment terms, plus a clear route for homeowner-specific borrowing without switching mortgages. Customer support and an online application flow make the process straightforward for many borrowers in the UK.
On the flip side, minimum property and income criteria may exclude some applicants, and tying large sums to your home increases long-term risk. For homeowners weighing remortgage versus a secured loan, speak to a mortgage broker and solicitor to compare rates, fees and tax implications before deciding.
