Lender Comparison
Selina Finance vs Spring Finance
Selina and Spring Finance are the two leading rate-competitive prime market lenders on our panel. Borrowers chasing the absolute lowest rate on a clean credit case will typically be quoted both, with the difference coming down to LTV, loan size, and process preference.
At a glance
| Selina Finance | Spring Finance | |
|---|---|---|
| Min loan | £10,000 (homeowner loan) / £5,000 (HELOC) | £3,000 (Optimal 1) / £10,000 (Optimal Zero) |
| Max loan | £500,000 | £250,000 |
| Max term | 30 years | 30 years |
| Max LTV | 85% combined (across first charge plus any other secured borrowing) | 85% combined (HLTV variant) |
| Credit tier | Clean credit primarily; minor adverse considered | Clean to minor adverse |
| Rate structure | Homeowner loan: 2yr/5yr fixed then variable revert. HELOC: variable. | 2-year and 5-year fixed, then variable revert |
| Arrangement fee | £895–£1,495 arrangement fee, tiered by loan size | £695–£1,495 tiered by loan size |
| Completion | Typically 2–3 weeks; AVMs accepted on standard residential cases | Typically 3–4 weeks |
| Property eligibility | Minimum property value £100,000; owned for at least 6 months | Standard UK residential property. Most construction types accepted. Combined LTV capped at 80% on standard products or 85% on the HLTV variant. |
Which should you pick?
Pick Selina for lowest headline rate and tech-driven flow
Selina's 5-year fix from 6.34% APRC at sub-50% LTV currently leads the prime market on rate, with a digital application and typical 2-3 week completion. Best for the cleanest cases at lower LTVs where Selina's pricing edge applies.
Read full Selina Finance profile →Pick Spring for sub-80% LTV with tiered competitive fees
Spring's Optimal Zero 5-year fix from 7.61% APR is competitive across the broader sub-80% LTV range with tiered arrangement fees (£695-£1,495) that suit smaller loans. Best for clean credit cases at mid-range LTVs where Spring's fee structure matters.
Read full Spring Finance profile →Pros and cons
Selina Finance
Pros
- • Lowest 5-year fixed rate on our panel at low LTV (6.34% at 50% LTV)
- • High maximum loan size — £500,000 across all clean-credit products
- • The UK's only mainstream HELOC product — interest only on what you draw
- • Digital application and document portal — faster than legacy competitors
- • AVM available on standard cases at sub-75% LTV
Cons
- • Best rates require sub-65% combined LTV — limited above 75%
- • Smaller loans (under £15,000) attract proportionally higher arrangement fees
- • Adverse credit appetite is narrower than specialists like Pepper or Together
- • Property must be worth at least £100,000 and owned at least 6 months
Spring Finance
Pros
- • Granular tiered fee structure — competitive on smaller loans
- • Both clean-credit and minor-adverse products with consistent service
- • Up to 85% combined LTV via HLTV product
- • Low minimum loan of £3,000 on Optimal 1
Cons
- • Maximum loan £250,000 — limits scope on larger consolidation cases
- • Adverse credit appetite limited to 'minor' tier — not for recent CCJs/defaults
- • Headline rates not the lowest at sub-65% LTV
Frequently asked questions
What's the difference between Selina Finance and Spring Finance?
Selina Finance is a tech-led specialist with the lowest market rate at sub-50% LTV — 5-year fix from 6.34% APRC. Spring Finance's Optimal Zero product is competitive across the broader sub-80% LTV range — 5-year fix from 7.61% APR with tiered fees that favour smaller loans. Selina wins on rate at low LTV; Spring wins on broader sub-80% range coverage.
Is Selina cheaper than Spring Finance?
At sub-50% LTV, yes — Selina's 6.34% APRC is the lowest on our panel. At higher LTVs within the sub-80% range, Spring's Optimal Zero from 7.61% APR is often more competitive once fees are factored in for smaller loan sizes. Both will be quoted by your adviser for comparison.
Should I pick Selina or Spring for a secured loan?
Pick Selina if your LTV is sub-50% and you want the lowest possible rate with a tech-driven application. Pick Spring if your LTV is between 50% and 80% on a clean credit case where the Optimal Zero rate and tiered fee structure deliver competitive total cost — particularly on smaller loans.
Get quotes from both lenders
Our advisers quote Selina Finance and Spring Finance side by side against your specific criteria — loan size, LTV, property type, credit profile.