Loans That Make Renovation Smooth
By: Gracy Bonsu
Your sweet home will now be the new abode of style and glamour. The latest style shades will be embossed on your home to make it the replica of your lively personality. The required renovations to offer your home such a trendy look will be financed by the UK finance market. Handful numbers of options are available to make all types of renovation dreams come true.
Renovation is the only way to keep pace with the ever-changing fashion. It offers you the option to decorate your abode on earth according to the latest trend. It also helps you to set your own rule, preference and taste. You can make the terrace and landscape of your home more beautiful. A new space for office can be created to work from home. New furniture can be bought for the living room and be given a classic touch. All types of home renovation work are now financed with loan options.
Secured home improvement loans are the best options when you are preparing for a large scale renovation work. These loans are available when you pledge your home as a security against the loan amount. The average value of a residential property in the UK is near about 200,000 pounds. You can borrow up to eighty percents of the equity of your home as loan amount. Hence, you do not have to worry a lot for the renovation cost to offer your home an all new look. Your home is capable enough to finance the renovation cost itself.
The amount you can borrow under secured home improvement loans varies according to the equity of your residential property and your credit rating. The loan amount in these loan plans has a maximum limit of 250,000 pounds which can be used for any sort of renovation. The rate of interest charged by these loan plans is lowest in the UK financial market. Reason for this slash is very simple. Your pledged security is the catalyst of such slashed interest rate. Earlier the processing of these loans was time consuming due to property evaluation and manual method of lending. The cut throat competition in the UK financial market and hassle free e-lending has made the loan processing faster.
The repayment period of home improvement loans with residential property security can be expanded up to 25years. You can repay the borrowed amount in easy monthly installments which is very convenient and borrower friendly. You can apply for the home improvement loans online by filling the application form available on the Internet.
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. She has done her masters in Business Administration and is currently assisting Go4ukloans as a finance specialist. For more information on Debt Consolidation loans visit www.go4ukloans.co.uk
Article Source: http://www.ArticleBiz.com
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