Benefits of a Home Improvement Loan
Some of the many benefits of a Home Improvement Loan are outlined below. Home Improvement Loans are ideal if you need more space but cannot afford to move house. Lofts can be converted and extensions built. As the number of mortgage applications declines Home Improvement Loans are an increasingly popular option for home owners and growing families.
A Home Improvement Loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a bad credit history – you may be able to get a Home Improvement Loan even when you have been turned down for an unsecured loan.
Moving property is expensive – solicitors, estate agents, stamp duty, new soft furnishings – the list seems to go on and on. And most of this is money down the drain. Why move home when you can get a Home Improvement Loan and save money? A Home improvement Loan could be the easiest and cheapest way to make improvements to your home.
With a Home Improvement Loan you can borrow from £5,000 to £75,000 with low monthly repayments. The loan can be repaid over any term between 5 and 25 years, depending on your available income and the amount of equity in the property that is to provide the security for the loan.
With competitive rates and a quick decision a home improvement loan could well be just what you need to enable you to finance your dream improvements.
Some obvious benefits of a Home Improvement Loan are:
An easy and manageable route to generating extra cash. With a remortgage you have the same expenses you do when taking on a mortgage, surveys, valuation, mortgage indemnity and solicitors fees to pay. With a Home Improvement Loan you have none of this, making it easier to arrange.
You can use the cash for any purpose - for example, debt consolidation, home improvements, buying a car or going on holiday.
Using a Home Improvement Loan for Debt Consolidation means that with one single payment each month, you have more control over your monthly budget.
Borrow from £5,000 to £75,000
Repayment period can be anything from 5 - 25 years
Protected payment plans can provide extra peace of mind
You can add value to your property
Save on all moving costs
Get the home of your dreams without moving house
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About the Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.