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Trusted

We've been trusted by thousands of customers for home improvement loans since 2013.

100% Recommend

The Independent review organisation Reviews.co.uk report that 100% of reviewers recommend Lending Expert

Lending Experts

We’re loan experts. This means we know our stuff when it comes to all types of loans! We know where the best rates are and have access to exclusive deals just for Lending Expert customers.

Huge Market Comparison

We’re not tied to one lender which means we can search the wider market to find you the cheapest home improvement loans from across the UK.

Authorised & Regulated

Lending Expert is an FCA regulated credit broker which means you can be assured you are dealing with a legitimate and reputable finance company.

Flexible Lending

If you have bad credit or have previously been refused a loan we can consider your application. Whatever your circumstances please get in touch and we'll do our best to help find you the perfect loan for home improvements.

Finance home improvements through a secured loan

If you want to carry out some home improvements, such as building a conservatory, replacing your boiler and heating system, converting your loft, or other major works, you may be wondering how you are going to finance it. You have a couple of options open to you that you can consider with pros and cons to each one. One option is that of taking out a secured loan against your home and this is the option that will be discussed here. Your other options include unsecured personal loans, but you may find that they are more difficult to get approval for if you need a large loan repaid over a longer period.

What does having a secured loan against your home mean?

Basically having a secured loan against your home means that you have used the value in your home as security for the lender so that they can provide you with a loan at a lower risk than if you took out an unsecured loan. However, although it is easier to get a secured loan than an unsecured loan for you, the borrower, you also take on more risk by doing so because should you fail to keep up your repayments you would be at risk of losing your home.

Know your options

In order for you to make a decision about which type of loan is going to be best for you, you should seek advice in a number of areas. You should know and understand your own financial situation and have a good idea of the level of repayments you would be able to make on a monthly basis. You should also factor in interest rate rises so that you know what your repayments could rise to in the future. If you have a good credit rating you will find that you have a lot more options available to you than if you have a poor credit score so bear this in mind when you are looking for loan options. If you have a bad credit rating you will find that you will be more successful in using a secured loan against your home because you will be perceived as being a much lower risk than for an unsecured loan. If you maintain your monthly repayments you could also use the loan to help increase your credit rating as you go.

The importance of home improvements

Taking out a loan for home improvements can be slightly different than for other purposes because you will be adding to the value of the property by carrying them out, therefore lenders are also likely to look more favourably on these loans than loans for other uses such as paying for weddings or buying a new car.

Questions? If you’re unsure which home improvement loan is right for you or you need some guidance on homeowner loans then speak to our experts on 0161 820 8099.
Their friendly advisors will be happy to discuss which options are available and to answer any questions you may have.

FAQ's

What type of home improvements can I use the loan for?

Loans of this type can be used for any type of home improvements such as:
- A new kitchen or bathroom
- Extensions
- A new driveway or garden
- Modernisation or refurbishment

I have a history of bad credit, will this cause me any issues?

No. There are a good selection of lenders willing to borrow to adverse credit customers. However, interest rates and fees will be higher and LTV options will also be restricted. Your broker will be able to advise given a quick search of the lender requirements.

What does having a secured loan against your home mean?

Basically having a secured loan against your home means that you have used the value in your home as security for the lender so that they can provide you with a loan at a lower risk than if you took out an unsecured loan. However, although it is easier to get a secured loan than an unsecured loan for you, the borrower, you also take on more risk by doing so because should you fail to keep up your repayments you would be at risk of losing your home.

How can you finance home improvements through a secured loan?

If you want to carry out some home improvements, such as building a conservatory, replacing your boiler and heating system, converting your loft, or other major works, you may be wondering how you are going to finance it. You have a couple of options open to you that you can consider with pros and cons to each one. One option is that of taking out a secured loan against your home and this is the option that will be discussed here. Your other options include unsecured personal loans, but you may find that they are more difficult to get approval for if you need a large loan repaid over a longer period.

We can quickly check your eligibility for a home improvement loans against dozens of reputable UK lenders.

Related Links

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If you're self employed and need a low rate loan we can help.

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If you're a pensioner or over the age of 65 and need a loan we can help.

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If you have bad credit issues or a low credit score and need a loan we can help.

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If you're a homeowner and wish to consolidate your debts into an easy to management loan we can help.

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85% Secured Loans

Secured loans at 85% loan to value against residential and buy to let properties.

Secured Loan Calculator

Use this handy loan calculator to get an estimate of how much a loan would cost. See the interest charges and monthly repayments.

Home Improvement Loans

Make home improvements with a secured home improvement loan. Get expert advice and market comparision

Bridging Loans

Short term bridge finance from our expert team of brokers. Loans from 1 - 24 months from a wide range of lenders.