November 3rd, 2010
As the property market has slowed down many people have opted to improve their own homes. The costs of moving house can be considerable as can the stress of moving house so an extension or a new kitchen/bathroom is often a good alternative.
If you need to extend and improve your home, there are various home improvement loans to choose from. Borrowing money to help with your home improvements could help you to add value to your home. It's important, however, to get good advice before committing to any renovation project.
There are various options available to raise the money to pay for home improvements including a further advance from your existing mortgage provider to a re-mortgage or a secured loan. Which option is best for you will depend on a number of factors such as how much equity you have in your property, the type of mortgage you currently have, your credit rating and of course your income and affordability.
To find out how best to raise funds for home improvements please click on the ‘Speak to an Adviser’ button below and a qualified adviser will call you to discuss your options.
*Secured and unsecured loans are not regulated by the FSA