Selina secured loans UK, up to 85% LTV, rates and terms for homeowners

Overview and key benefits

Selina secured loans are an option many UK homeowners consider when they need substantial funds and prefer lower borrowing rates than typical unsecured credit. Using property as security, these loans allow borrowing against home equity with loan-to-value levels that can reach up to 85% LTV, which makes larger sums accessible without selling the house.

The main benefits include competitive interest rates, choice between fixed and variable options, and long repayment terms that can stretch to three decades. For homeowners in England, Scotland, Wales and Northern Ireland the appeal is the combination of size, flexibility and straightforward eligibility checks that often start with a soft credit search.

Rates, fees and what to expect

Interest on Selina secured loans varies by risk profile and chosen product: fixed rates give monthly payment certainty while variable rates may start lower but can move with market conditions. Early repayment charges, arrangement fees and valuation costs are typical, so it’s important to see an illustrative repayment schedule before committing.

Typical fees include a valuation fee and a lender arrangement fee, sometimes recoverable on completion. Compare the representative APR and total cost over the term when assessing Selina secured loans against remortgage alternatives or other secured lenders in the UK market.

Eligibility and how to apply

Eligibility for Selina secured loans normally requires that applicants are UK homeowners, have a consistent address history and a minimum income threshold. Joint applications are accepted and the lender will assess affordability, credit history and the property’s value — a minimum property value may apply in some cases.

The application process is usually started online with an initial soft check that won’t harm your credit score. If you proceed, Selina will arrange a full valuation and formal underwriting; turnaround times vary but clear documentation (proof of income, ID and address) speeds up approval and completion.

Repayments, risks and practical tips

Repayments on Selina secured loans are monthly and can be structured over short or long terms — stretching the term reduces monthly cost but increases total interest paid. Using a property as security carries the risk of repossession if repayments are missed, so affordability must be realistic and stress-tested for rate rises.

Before committing, get a full illustration, consider fixed-rate protection for budgeting, and compare offers from brokers and high-street banks. For many UK homeowners Selina secured loans deliver useful flexibility and high LTV access, but independent advice from a mortgage or financial adviser is recommended to match the product to your long-term plans.