The information below may help you understand a little more about funding home improvements. However, if you would like to speak to one of our team to help you further, just fill in an online enquiry form and we’ll call you right back – or call us now on 01902 585020.
Home improvement loans
It is possible to take out a loan for a variety of purposes and these include funding home improvements. In some cases these loans are then referred to as home improvement loans. Many home improvement projects, such as converting a loft, building an extension or buying a conservatory, require a lump sum payment. It is therefore possible to fund a home improvement project by taking out a loan. A home improvement loan may be a secured loan or an unsecured loan and you should consider your financial situation before making your choice.
How much can I borrow?
With Promise Money, you can borrow anywhere from £5,000 to £2,500,000, depending on how much you can afford to repay each month. Secured home improvement loans could be over any time period from three months to twenty five years. The loan may be unsecured or from one of our secured lenders. If the home improvement is secured against your property, you do not necessarily need to have equity in your home. If you do not have equity in your home, it is possible to borrow up to 125% of your property value, less your outstanding mortgage balance. When discussing options for your home improvement loan, other debts may also be taken into consideration.
How do I apply for a home improvement loan?
There are many options available for you to find a home improvement loan. Promise Money is one of them. If you would like to speak to an adviser, complete the Get Fast Quote form above or call us now on 01902 585020.