What
is a Home Improvement Loan?
Are you looking to make home improvements? Now is a great time, as
interest rates are the lowest for years.
Our loan partners arrange hundreds of home improvement loans every year, and often our
clients find they are paying out less per month after they take out the
loan than they were paying before. How's that, you ask.
Whilst the main objective of the many of our clients when taking out a home improvement
loan is to pay for a new kitchen, bathroom, conservatory, double glazing
or perhaps an extension, many also choose to pay off
other expensive high interest credit, such as credit cards, store cards,
unsecured loans and HP at the same time.
Here's an example. You owe £10000 on credit cards and have an
unsecured loan for £5000. You may be paying £300 a month on the cards
and £150 a month on the loan, so your total outgoing is £450 a month.
You want to raise £5000 for a small conservatory but think that another
£150 a month would be unaffordable. However, by taking out a low cost
home improvement secured loan, you can pay off the cards and the
unsecured loan, raise the £5000 for the conservatory, spread the
payments over 10 years, for example and end up paying less than £250 a
month altogether. so saving £200 a month. (Typical
example as follows: £10.000 over 120 months = £242.66 per month. Total
repayable = £29119.20 APR 9.4% variable)
We often find that by paying off these high rate items at the same time as
making your home improvements, you actually end up paying out less every
month. Now that can't be a bad idea!
Not only could you reduce your outgoings, but inevitably the work carried out
adds value to your home. Click
here to find out how much a home improvement loan could save
you
Home improvement loans UK. Loan for home improvements at a low APR
Home improvement loans. Double glazing? Kitchen? Bathroom? Conservatory? Low rates from 7.5% APR. Payout usually within 14 days.
We can help you find the most competitive secured loan
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