Looking to Renovate Your Home? Here Is All You Need to Know About Home Improvement Loans

Home improvement, which includes renovation, landscaping, adding new kitchens and walk-in wardrobes, is estimated to add over £40,000 in property value. The past 5 years (2015-2019) have seen UK homeowners spend about £295 billion in renovating their homes. With the average spend on home improvement in the UK at £14,015, many homeowners are looking at getting home improvement loans to finance their renovations. While buying a home is exciting if you can afford it, doing a renovation is much cheaper and makes your home a comfortable place for you and your family. However, before you take out a home improvement loan, you must understand how the loan market is structured and who the players are. This article will shed light on this and much more.