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Home Improvement Loans

Start your home improvement journey, by getting fast loan rates and applying online

 
 
 
 

Considering a home improvement project?

Raise the funds you need with help from our expert team.

Find out rates online, then find the best deal available with the help of our advisors.

Loans are secured - your home may be repossessed if you do not keep up repayments.

Rates from 3.95% (fixed for 5 years)Representative APRC 6.3%

Representative Example: Based on borrowing £30,990 over 16 years with 60 monthly repayments of £218.00 followed by 132 monthly payments of £233.64. Annual Interest Rate 3.95% fixed for 5 years, then variable. Representative APRC 6.3%, total amount repayable £42,600.59. Includes a broker fee of £2,995, and lender fee of £995.

A friendly, fast service from a qualified team

  • Borrow from £3k to £500k
  • Options for most credit profiles
  • Quick, hassle free application process
  • No upfront fees or hidden costs
  • More than 100,00 customers helped
  • Soft credit search that won't impact your credit rating
  • Over 1,000 5* reviews from brokers and customers
Home Improvement Loans
Representative Example: Based on borrowing £30,990 over 16 years with 60 monthly repayments of £218.00 followed by 132 monthly payments of £233.64. Annual Interest Rate 3.95% fixed for 5 years, then variable. Representative APRC 6.3%, total amount repayable £42,600.59. Includes a broker fee of £2,995, and lender fee of £995.
Loans are secured against property - Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
We are a loan broker Authorised and Regulated by the Financial Conduct Authority.
Home Improvement Loans

What is a home improvement loan?

 
 
 
 

A home improvement loan can help you to fund property renovations. Whether that is an extension, upgrading or remodelling the interior of your house or converting rooms in your home.

The type of work you are planning to undergo will impact the amount of funding you need, and so some loans may be more suitable for your plans than others.

If you have a large project in mind, then a secured home improvement loan could be the solution you have been looking for. With this borrowing option, you can borrow a larger amount of money over a longer term. Getting this type of loan means you will use your property as security, which may result in lenders being more relaxed with their criteria. Therefore, you may get a lower interest rate and have a greater chance of being offered a loan, compared to other borrowing options.

silver tools home improvement loans

How do loans for home improvements work?

 
 
 
 

Applying for this type of loan is very easy – simply follow our steps below:

  1. Start by thinking about how much you need to borrow to cover the cost of your home renovations.
  2. Think about how much you would be able to comfortably afford. Our advisors will always go through this with you, to ensure that we find you the right loan.
  3. Fill out your details in our quick online form or call our experts on 0800 032 4646 to get your free quote or talk through your options.
  4. Once we have your details, we will search over 600 products to find a loan that meets your needs.
  5. Our team will then contact you with your loan details, so you can decide if this is the right option for you.
  6. If you want the loan, our team will then proceed with the next steps of your application.
  7. Finally, get your funds and start your home renovation plans!
calculator

How much can I borrow for home improvements?

 
 
 
 

The amount you can borrow will depend on a number of different factors.

This includes:

  • Current income
  • Credit history
  • Value of your property

We will carefully assess these factors to understand how much you would be able to afford and find a product that suits your needs.

Our loans range from £10k up to £1m and can help people in most circumstances.

paperwork

What are the borrowing terms for a home improvement loan?

 
 
 
 

Borrowing terms vary from lender to lender. With a secured home improvement loan, terms are usually longer compared to other borrowing options. This allows you to spread repayments out and reduce your monthly outgoings.

Our loans have terms available that range from 3 to 30 years, giving you flexibility over repayments. To determine how much you could be eligible for, what terms you may get, contact our team, and they will give you a free quote.

Home improvement loans paint brush

What can I use a home improvement loan for?

 
 
 
 

These loans can be used for any type of work you want to carry out on your home.

Whether it’s an extension, a complete remodel, converting a room, or even simple updates and repairs. In other words, a home improvement loan could help with covering any type of home-related costs you have, that you do not have the funds readily available for.

tools used for home improvement

Benefits of undergoing a home improvement

 
 
 
 

People undertake projects around their home for a number of different reasons, but there are actually many benefits to improving your home.

Some of the benefits may include:

Increase in property value

Working on your home by remodeling or extending can increase the value of your home. This means that if you ever want to sell, you may get a higher price for the property and make a profit.

Improve the comfort of your home

One of the biggest reasons people work on their houses is to make the property more comfortable. So, it’s not a surprise that this is also one of the greatest benefits of these plans.

Gain more space

If your plans involve extending your property, then you would be creating more space for you to enjoy. This could be particularly valuable if you have a smaller property.

How do I compare rates?

 
 
 
 

For a free, no obligation quote you can:

Call us on FREE on 0800 032 4646 or compare products online now.

Don't forget – making an enquiry will not affect your credit rating in any way!

Get a quote >>>

Representative Example: Based on borrowing £34,500 over 25 years with 60 monthly repayments of £454.66 followed by 240 monthly payments of £483.97. Annual Interest Rate 6.38% fixed for five years, then variable. Representative APRC 7.7%, total amount repayable £143,527.40. Includes a broker fee of £2,995, and lender fees of £595.

Frequently Asked Questions - Home Improvement Loans

 
 
 
 

Can I get a home improvement loan with bad credit?

A bad credit history may not stop you from accessing the funds you need for improving your home.

There are a wide range of solutions available that can assist some people with bad credit, so you can still get the home of your dreams.

What do I need to consider before getting a home improvement loan?

It’s important that you calculate all the costs you will incur to make sure that the loan you get covers these plans.

If not, you may find yourself in a situation where you need to borrow more money and may have to go through the whole process again.

Another factor that you might want to consider before applying for this solution is how long you want your repayments to be spread out by.

It could be that you want to pay the loan off as quickly as possible, so that you don’t have the financial burden hanging over you.

Alternatively, you might value being able to reduce your monthly instalments to make it more manageable, in which case a longer term could be more suitable.

How can I compare home improvement loans?

Comparing these solutions is quite simple. To start you will need to fill in our quick online form above.

We will then present you with the best home improvement loans we have available for your specific situation.

What rates are available on home improvement loans?

The interest rates you are eligible for will depend on your lender. They will consider a variety of factors to determine how risky it is to let you borrow from them.

If you are considered to be a greater risk, a higher interest rate may be charged. On the other hand, if you are considered to be less of a risk, a lower interest rate may be charged.

Is borrowing on your mortgage for home improvements safe?

Borrowing on a mortgage can be safe provided you meet your monthly repayments. It can become more risky if you start to struggle to meet your monthly instalments.

If you are consistently missing repayments and have no communication with your lender about the issues you are experiencing, they may repossess your property.

However, if you’re transparent with your lender about why you’re struggling to make repayments, then they may be able to find a resolution to the situation at hand.

What are the different types of home improvement loans?

There are a few different types of solutions you can get to fund home renovations, which include secured finance or unsecured loans.

With secured funding, you will borrow money against your property. This means your home could be repossessed if you fail to make your repayments, however they generally provide greater flexibility of the loan amount and term.

Unsecured finance will not use an asset as security but do not offer the same flexibility for loan amount and terms and normally require a good credit score to be eligible.

Both funding solutions are effective and can help you in a range of different ways. It’s important that you weigh up each type to determine which one is the most suitable solution for your personal situation.

Useful guides and blogs

 
 
 
 
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