A secured loan can provide you with extra cash if you need money to finance home improvements.
As long as the loan you require is £5,000 or more, a secured loan would probably provide you with the best interest rates – as it is secured against the equity in your property, there is less risk to the lender.
An unsecured loan can also be a viable option if you don’t have the option of a secured loan.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.