What are home improvement loans?

applysecuredloans — Thu, 26 Nov 2009 21:01:54 +0000

Home improvement loans are a type of secured loan where you raise money against the equity in your property to make improvements to your home. You can raise money with a home improvement loan for pretty much any type of home improvement such as a new kitchen, bathroom, general redecoration or even an extension. The amount of money you can raise will depend on how much equity you have in your property and whether or not you meet the secured loan lenders criteria in terms of income/affordability and credit score.

It goes without saying that home improvement loans are only available to home owners as they are a type of secured loan and must be secured against the property you own and reside in. It is very rare for a secured loan lender to allow your to arrange to secure the finance against another property, it usually has to be the property you currently live in.

Depending on your circumstances the loan rate you will receive will differ from lender to lender and will be based around the following factors:

The loan amount
The term of the loan
Your credit score
The lender themselves and the deals they are offering
The amount of equity/security in your property

This is not the same across every lender and should only be considered as a rough guide. We provide more information about secured loans on this website so feel free to browse around the different categories. If you are unsure on whether a secured home improvement loan is right for you, it may be of benefit to you to speak to a secured loan broker who can assess your current situation and your requirements and help you arrange a loan that suits your needs.

Home Improvement Loans

applysecuredloans — Tue, 24 Nov 2009 23:22:00 +0000

Home Improvement Secured Loans is an independent blog which is focused on providing home owners within the United Kingdom trustworthy information on home improvement loans within the UK secured loan market. This blog gives quality information, guides, help, hints and tips including links to other useful home improvement loan related websites.