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Home Improvement Loans
Home improvement loans are loans that are granted for the specific reason of improving or extending your home. Want to add an extra room or remodel your kitchen or bathroom, add a swimming pool or other feature that will increase the value of your home? Then a home improvement loan is what you need.
A home improvement loan is usually a loan that is secured against the equity of your home in addition to your existing mortgage. This form of loan, also known as a second charge or second mortgage, is popular because the interest charged is less than that on a personal loan, and the repayment period is longer resulting in a substantially lower monthly payment.
A home improvement loan can be obtained even if you are self-employed, or have a poor credit history. The APR (Annual Percentage Rate) that will be applicable will depend on your personal circumstances as well as the equity available on your property. This may also vary between lenders. We will find you the best deal, which you may consider without any obligation or fees. |