Call Now: 0845 642 0644

Home Improvement Loans



Guide to Home Improvement Loans

Unless you qualify for a grant to help with the cost of home improvements (such as for energy efficiency or housing renovation), you will have to pay for them yourself.

If you have savings, you may be able to afford to pay for minor improvements. But for bigger improvements - such as installing central heating, improving your kitchen or building an extension - you may need to borrow money and take out a Home Improvement Loan.

The cheapest way to borrow for a Home improvement Loan is either to take out a "Further Advance" on your mortgage or a Secured Home Improvement Loan. This simply means that you increase your mortgage/borrowing by the amount required. The new total amount of the mortgage (including the further advance) will need to be less than the value of the house. You usually can arrange to pay off the further advance or Home Improvement Loan over the remaining mortgage term - so if you take out a further advance one year into a 25-year mortgage, you would pay back the further advance over the remaining 24 years. But you can arrange to pay it back more quickly if you prefer which may be a more cost effective option in the long run.

Taking out a "Secured Home Improvement Loan" from a different lender may be more expensive than getting a further advance however it may prove to be more flexible and should be at least looked into and a comparison made in order that you may make an informed decision. Secured Home Improvement Loans as they are named are secured against the property and effectively stand in security terms as a second change against the property.

Taking out a personal loan can be more expensive. However, these options may be suitable if you cannot get a further advance on your mortgage or a secured Home Improvement Loan.

When you are buying a property, don't forget to add in the cost of any improvements that you regard as essential to your initial budget. Otherwise, you may find that you can afford to buy the house but not to make the necessary and desired improvements.

Please therefore just contact us either by phone on ~ 0845 642 0644 (Local Rate), use the quick Mortgage Finder ~ CALL BACK form or use the brief Mortgage Finder ~ ENQUIRY FORM, and then simply allow us to assist you with further information without any obligation whatsoever.


If you require further assistance, please complete the following details and MORTGAGE FINDER will respond to your enquiry.

* Please complete all of these fields in order that your request can be submitted.

N.Ireland & Ireland please make contact using the QUICK ENQUIRY FORM or CALL BACK FORM, enter your details and we will call you back as instructed. Alternatively for immediate contact call ~ 0845 642 0644 (Local Rate) * * Call Back operating hours are: - 8.30 am to 6.30 pm Monday to Friday.

All mortgage types & options could be available and are subject to lenders conditions

Whatever your mortgage requirements Mortgage Finder can help provide information and assistance with different mortgages for different mortgage needs nationwide throughout the UK.

© Copyright Mortgage Finder 2000 ~ 2014. All rights reserved

Read more informatioms, click the links below

Five best and worst home improvements for adding value

Women will spend over £29 billion on home improvements

Home work

Home Improvements. When to improve and when to maintain

Improve or move: five rules to help you decide

How to get your home improvement contracts right

Finding the money for home improvements

Nine steps to finding the right loan

Refused a Loan?






contact us

Mortgage Calculators

Useful Information