Whether it’s a large-scale extension, or to update the décor in the property, a home improvement secured loan allows you to raise the funds required over a longer period than an unsecured loan at a competitive interest rate.
To keep the repayments in line with your budget they can be taken out over a long period of time, in some cases up to 30 years.
By carrying out home improvements rather than moving it can reduce the disruption to family life that is caused by moving home.
Where improving your home means that you are then happy to stay where you are - thereby avoiding the huge stresses of moving house, whilst also saving costly relocation and legal fees.
People become settled where they live and it`s never easy for children to move school and find new friends.
You can have more than one mortgage secured against your property.
Most lenders offer a 3 or 5 year fixed rate, which gives you the security of knowing that your repayments will not change within this term.