UK home improvement loan

Our Online Loan Buys *

	Typical APR	Per Mth
	7.8%	£200.54
	7.9%	£200.99
	8.6%	£204.10
	8.7%	£204.55
	9.9%	£209.91
* Based on £10000 over 5 years and is not a full search of the whole market

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Paying for a new kitchen, adding a conservatory or an extension or simply redecorating can be expensive, which is why it may make sense to consider a UK home improvement loan. Home improvement adds to your propertys value as well as making it a nicer place to live.

A UK home improvement loan can meet the costs at a sensible monthly price over a set time period.

A secured UK home improvement loan may offer you a lower rate of interest and if you suffer from credit problems, may be easier to get. But beware, if you don't keep up payments the lender could sell your house to meet the cost of your debt.

An unsecured UK home improvement loan will have a higher interest rate as the lender is taking more risk. When taking out a home improvement loan, the deal you get will depend on your circumstances, such as your credit history, salary, and age and, of course, the sum you wish to borrow and the time period.

In general you may compare rates using UK lenders typical APRs. However, watch out for any hidden charges, such as a hike in the cost of payment protection insurance (PPI) to subsidise a low interest rate. As with any debt, failing to meet repayments could seriously damage your credit rating.

Last Updated: May 2007 © Moneyextra.com

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