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Home improvement
loan secured are a popular option for home owners who
need to raise money against their home. A home
improvement loan is also known as a
secured personal loan or second charge
mortgage.
You need to be a
UK homeowner to apply for a secured home
improvement loan.
You can use the
proceeds of a home improvement loan for almost
any purpose. So you could:
-
add a new
conservatory
-
build an
extension
-
have a new
bathroom or kitchen
-
completely
redesign the garden
-
build a
swimming pool
-
install a hot
tub or summer house
Whatever home
improvements you need to do. Home improvement
loans that are secured on your property tend to
be cheaper than other forms of credit and you
can borrow larger sums of money, upto £150,000.
As the loan is
secured, you can still borrow money for home
improvements even if you have some bad credit or
cannot fully prove your income. This makes this
type of loan much more flexible than normal
mortgages or other loans where you normally need
to have a clean credit history.
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