A home improvement loan is a loan secured on your home, the purpose of which is to undertake improvements to your property.
With a home improvement loan you can borrow from £10,000 with relatively low monthly repayments compared with other types of loan. Home improvement loans secured on property can be repaid over a period of between 3 years and 25 years.
With a home improvement loan, it might be possible to afford the extension, new kitchen, bathroom, conservatory, landscaped garden, redecoration or other upgrade to your home, so you can add value to your property and save moving costs too.
As with any type of secured loan your home may be at risk if you do not keep up repayments on the loan. As a result, it is always worth considering a payment protection plan which will cover your loan repayments should you find yourself unable to pay for whatever reason.
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