Home Improvement Loan
Looking to renovate your home? Our home improvement loans offer flexible terms to finance your dream project with ease.
Tailored Home Improvement Solutions
A home improvement loan, sometimes referred to as a home renovation loan, allows you to borrow money to fund upgrades or modifications to your property. This could include anything from installing a new kitchen and updating appliances to making accessibility adjustments.
While these loans are marketed as a way to finance home renovations, they often function similarly to personal loans, meaning the funds may not always be restricted solely to property improvements. However, lenders may have some conditions regarding how the money can be used.
At Fennel Financial, we understand that every home project is unique. Our experts work closely with you to identify the best home improvement loan options that cater to your specific renovation needs. From minor upgrades to major overhauls, we provide the financial guidance necessary to make your vision a reality.
Partnering with a trusted financial broker like Fennel ensures that you receive personalised advice and support throughout the loan process, making your home improvement journey smooth and stress-free.
Get in touch
5.0
0 Reviews
Our Home Improvement Loan Services
We provide a comprehensive range of home improvement loan services tailored to your specific needs.
Consultation
Our experts assess your project requirements and financial situation to recommend the most suitable loan options.
Application Assistance
We guide you through the application process, ensuring all necessary documentation is in order for a smooth approval.
Why Choose Fennel Financial for Your Home Improvement Loan
Fennel Financial stands out as your trusted partner for securing a home improvement loan tailored to your unique needs.
Personalised advice from experienced financial brokers to find the best loan options for your project.
Access to a wide range of lenders, ensuring competitive rates and flexible terms.
Dedicated support throughout the loan process, from application to completion.
Understanding Home Improvement Loans
Home improvement loans come in two main types, each with its own advantages and risks:
Unsecured Personal Loans – Best suited for smaller renovation projects, these loans allow you to borrow a set amount without using your home as security. While they typically come with higher interest rates than secured loans, they carry much less risk. If you struggle with repayments, your home won’t be at risk.
Secured Loans – Designed for larger-scale renovations, secured loans let you borrow more, usually starting from £25,000. However, this type of loan is backed by your property, meaning missed repayments could put your home at risk.
If you’re considering borrowing a significant sum and are leaning towards a secured loan, it’s crucial to weigh up the risks. In many cases, remortgaging to release equity could be a more cost-effective and lower-risk alternative. Before making a decision, be sure to explore all options and seek professional advice where needed.
Book an appointmentFrequently Asked Questions
Got questions about home improvement loans? We’ve got answers to help you make an informed decision.
Eligibility criteria vary between lenders, but generally, you need a good credit score, a stable income, and in some cases, a certain level of equity in your property.
You can use a home improvement loan for a variety of projects, including kitchen and bathroom renovations, home extensions, roofing, flooring, and improving energy efficiency.
Some home improvement loans are secured, requiring collateral such as your property, while others are unsecured and do not require any security.
Approval times can vary, but typically, it takes a few days to a couple of weeks, depending on the lender and the complexity of your application.
Many lenders allow early repayment, but it’s important to check for any associated fees or penalties before doing so.
The amount you can borrow depends on factors such as your income, credit history, and the lender’s policies. Fennel Financial can help you determine the best options based on your financial situation.
Still have Questions?
Use the links below to get in touch with the Fennel team
