Selina Secured Loan UK Rates, Terms and Up to 85% LTV for Homeowners
Selina secured loan for UK homeowners, clear rates, flexible terms and up to 85% LTV
Product overview for UK homeowners
Selina secured loan offers UK homeowners the chance to borrow against home equity with amounts from £10,000 up to £500,000 and terms up to 30 years. With a maximum loan-to-value (LTV) of 85% Selina secured loans are aimed at homeowners who need substantial funds for home improvements, debt consolidation or buy-to-let purchases.
The product comes in fixed and variable rate options so borrowers can choose stability or potential savings depending on market moves. Remember that a Selina secured loan uses your property as security, so meeting repayments is essential to avoid repossession risk.
Rates, fees and eligibility
Rates with Selina vary by LTV, term and borrower credit profile; both fixed and variable choices are available to suit different plans. Typical costs include arrangement fees, valuation and legal fees, and it is important to compare representative examples on Selina’s site to understand the total cost of borrowing.
To be eligible for a Selina secured loan you must be a UK homeowner and permanent resident with a decent credit record, meeting minimum income and property value thresholds. Selina usually requires a minimum property value and may ask for proof of income, ID, and three years of address history as part of the application process.
How to apply and what to expect
Applying for a Selina secured loan starts with a quick online quote and a soft credit check that does not affect your credit score. If you proceed, Selina will guide you through a full application, property valuation and legal checks, coordinating with your solicitor where necessary.
Typical completion times can vary but expect several weeks from application to funds being released, depending on valuation and legal processes. Using a mortgage broker can speed things up and help secure the best Selina secured loan rate for your circumstances.
Pros, cons and final advice
Key benefits of Selina secured loans include high LTV up to 85%, flexible term lengths up to 30 years and the choice between fixed and variable rates which makes it a strong option for many UK homeowners. The product is especially useful for large one-off spends or consolidating higher interest debts into a single, lower-cost repayment.
On the downside Selina has minimum property value requirements and using your home as security carries risk, so take independent financial advice if unsure. Compare Selina secured loans with remortgage and other secured loans UK offerings, check personalised quotes and speak to an adviser to make the right call for your finances.