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Showing posts with the label How much can you borrow?

Guide to home improvement loans

Are you keen for extra space for a growing family, or desperate for a different kitchen - but can't afford to up sticks and move house? Maybe it's time to look at making home improvements and upgrading your current living environment to suit your needs? - whether it's adding an extension, or simply giving the bathroom a makeover and making it more practical.  The benefits of home improvements Making the changes you want could not only make you happier, but also possibly raise the value of your home when you come to sell. For example, a good extension or loft conversion that increases the floor-space in your home will tend to increase the value too - but whether this will add more than the cost of the works depends on what the market is like when you come to sell. Or you may opt for improvements such as central heating or double-glazing as general upgrades on your property. Meanwhile, decorating the home can be done reasonably cheaply but still make it a ...

Personal loans

Personal loans Are you thinking of buying a car? Maybe you need a new washing machine or sofa. Or perhaps you want to jet off to sunnier climes for a well-earned break. Most of us can’t afford to pay for such big-ticket items out of our regular income. Instead we need to borrow the money – and a personal loan might be the answer.  Fixed monthly payments A personal loan, sometimes called an unsecured loan, is different from an overdraft or credit card because it allows you to borrow a fixed amount over a fixed term, usually at a fixed rate of interest.  For example, you might borrow £5,000 over three years at 9%. You therefore know at the outset how much you have to pay back each month, as well as the total cost of the loan, making it easier to budget. Most banks and building societies offer personal loans. They are also available through the growing number of peer2peer lenders, though these are as yet unregulated.   How much can you borrow? You ca...