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Understanding Home Improvement Loans

A secured home improvement loan is designed to ‘finance’ home renovation projects, with the loan amount secured against your property. This type of loan can be incredibly beneficial when you’re looking to upgrade your living space, add value to your home, or make necessary repairs. It provides a reliable approach to fund your home improvement goals into a tangible reality.

Secured home improvement loans are a practical, long-term financial solution, with terms typically ranging from 3 years to 30 years. At Loanable, we recognise that every home improvement project is unique, so we tailor our loan options to meet your specific needs.

Our secured loans stand out from traditional financing solutions due to their flexibility and simplicity:

  • Manageable Financing: Managing home improvement costs can be stressful and challenging. With Loanable, you can finance your home improvements with a single loan, ranging from £10,000 to £1 million. This provides a manageable approach to funding your project with a single, regular payment.

  • Flexible Repayment Terms: Our home improvement loans are designed to fit your financial situation. With repayment terms from 3 to 30 years, we offer you the flexibility to select a repayment period that suits you best.

  • Finance Various Projects: Whether you’re looking to remodel your kitchen, add a loft conversion, upgrade your bathroom, install solar panels or a heat pump, or add an extension, our secured home improvement loans can help turn your visions into reality.

  • Bad Credit? No Problem: Unlike traditional lenders, we consider your overall financial picture, not just your credit history, when making our lending decisions. This means that even with a poor credit history, you could still be eligible for a Loanable home improvement loan. For more information, view our bad credit loans.

  • 100% LTV Products Available: Need a loan equivalent to the full value of your property for a significant renovation? Don’t worry; we’ve got you covered with our range of products.

We aim to facilitate your home improvement journey. With our secured home improvement loans, you’re not just financing your project; you’re also gaining access to a dedicated, experienced advisory team who’ll be there for you every step of the way. Choose Loanable for a secured home improvement loan that’s tailored to your needs.

The Benefits of Choosing Loanable Home Improvement Loans

We’re dedicated to helping you navigate your home renovation journey more effectively. Our secured home improvement loans come with several benefits, empowering you to manage your renovation expenses confidently, regardless of your financial situation.

  • Streamlined Financing: If you’re facing multiple costs related to home improvements, our secured home improvement loans provide an ideal solution. With one regular payment, you can manage your finances and focus more on your home transformation.

  • Repayment Terms to Suit Your Needs: We understand that everyone’s financial situation is unique, just like every home improvement project. With repayment terms ranging from 3 to 30 years, we give you the flexibility to choose a term that suits your financial circumstances and your ability to repay.

  • Poor Credit History Considered: A poor credit score shouldn’t deter you from improving your living space. At Loanable, we consider your broader financial situation, not just your credit history, when making lending decisions.

  • No Upfront Credit Checks: We understand that applying for a loan can be a daunting process, especially if you’re concerned about the impact on your credit score. That’s why we don’t conduct upfront credit checks. Instead, we focus on your overall financial situation to make our lending decisions.

Secured Home Improvement Loan Use Cases

Our secured home improvement loans can be beneficial in various situations. Here are a few common scenarios where a secured home improvement loan might be the perfect solution:

  • Funding Large Renovations: If you’re planning a significant home improvement project, a secured home improvement loan can provide the financial resources you need. You get to fund your project in a structured and manageable way with one regular repayment. For more information, view our home renovation loans.

  • Enhancing Property Value: With home improvements, you can potentially increase the value of your property. A secured home improvement loan provides the necessary funds to undertake such value-adding enhancements.

  • Improving Living Standards: Home improvements aren’t just about property value; they’re about improving your quality of life. Our secured loans can help you make your home more comfortable, functional, or energy-efficient.

  • Coping with Emergency Repairs: Unforeseen issues like roof leaks or foundational damage can be costly. Our secured home improvement loans can help you handle these emergency repairs promptly without disrupting your financial balance.

At Loanable, we’re dedicated to providing financial solutions that align with your unique needs and circumstances. Trust us to guide you towards fulfilling your home improvement goals.

Are You Eligible for a Loanable Secured Home Improvement Loan?

We strive to make our secured home improvement loans accessible to as many people as possible. Our main goal is to help you fund your dream renovation or critical repair, regardless of your current financial circumstances.

Here’s a general guide to our eligibility criteria and requirements:

  • Age Requirement: You need to be at least 21 years old to apply for a Loanable secured home improvement loan.

  • Property as Security: A secured home improvement loan requires a property as collateral. This could be your residence or another property you own.

  • Proof of Ability to Repay: While we don’t exclusively base our decisions on your credit history, we do need evidence that you’ll be able to repay the loan. This could come in the form of income details, savings, or a budget plan reflecting your ability to manage the new loan repayment.

  • Residency: Our home improvement loans are available to UK residents. In terms of documentation, we usually require:

    • Proof of identity (e.g., a passport or driving license)
    • Proof of address (e.g., a utility bill or bank statement)
    • Proof of income or repayment plan
    • Details about the property being used as security

We’re proud of our inclusive approach to lending. Don’t let a lack of traditional qualifications or a poor credit history stop you from applying for a secured home improvement loan with us. We’ll look at your entire financial situation and work hard to find a solution that suits you. Apply today and let us help you finance your home improvement needs.

How to Apply for Your Home Improvement Loan

We know that sorting out your finances can seem overwhelming, which is why we’ve made our application process straightforward and hassle-free. Here’s your step-by-step guide to applying for a Loanable home improvement loan:

  • Step 1: Fill Out Our Online Form
    Begin by completing our simple and user-friendly online form. We’ll need some basic details about you, the loan amount you’re seeking, and the property you’re using as collateral.
  • Step 2: Consultation with Our Advisors
    Once we’ve received your online form, one of our knowledgeable and friendly advisors will reach out to you. They’ll discuss your individual needs and financial situation, and will be more than happy to answer any questions you may have. This call enables us to customise the loan to your unique needs.
  • Step 3: Receive Your Customised Loan Proposal
    After the consultation, we’ll put our expertise to work to find the most suitable lender and assemble a customised loan proposal that fits your circumstances. We’ll send this proposal to you for your review and approval.
  • Step 4: Legal and Property Checks
    With your approval, we’ll proceed with the necessary legal checks and property valuation. We strive to carry out these checks swiftly to avoid any delays in processing your loan.
  • Step 5: Loan Disbursement
    Once all checks have been successfully completed, the lender will release the funds. The timeframe for this can vary, but we always aim to have the funds available to you within a matter of days.

Throughout the application process, our team of advisors is available seven days a week to assist you. Don’t hesitate to reach out to us at any time.

Securing a home improvement loan with Loanable is that easy! Begin your application today and take the first step towards simplifying your finances.

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Home Improvement Loan FAQs

At Loanable, we aim to make the process of obtaining a secured home improvement loan as clear and understandable as possible. To achieve this, we’ve compiled some of the most frequently asked questions about our home improvement loans and provided comprehensive answers.

A secured home improvement loan is a type of financing specifically designed for renovations or repairs on your property. As this loan is secured, it requires collateral—usually the home being improved—making it possible to obtain larger sums at lower interest rates.

Always remember, it’s essential to carefully consider your financial situation and consult with a financial advisor before taking out a secured loan.

Your Trust is Our Reward

At Loanable, your trust is paramount to us. We’re proud to be fully authorised and regulated by the Financial Conduct Authority (FCA). This means we adhere to the highest standards of conduct in the financial services industry, putting your interests at the heart of our business.

We’re also humbled and grateful for our clients’ positive feedback, earning us over 150 5-star reviews on Feefo.

Take the first step towards securing your property goals with a company that’s trusted by hundreds of homeowners across the UK. Get in touch with us today to explore your bridging loan options.

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Get in touch

We’ve made sure you have various ways to reach out to us. Whether you have questions, need more information, or are ready to apply for a loan, we’re here to help!

Phone: You can call us directly at 01925 988055. Our friendly team is available Monday-Sunday from 9am-7pm to assist you.

Email: Prefer typing out your queries or concerns? No problem! Reach us at [email protected], and we’ll get back to you as soon as possible.

Physical Address: If you’d rather speak to someone in person, you can visit our office at The Old Rectory, Rectory Lane, Winwick, Warrington, WA2 8LE.

Taking the Leap with Loanable:
Ready to bridge the gap in your finances with a bridging loan from us? Wonderful! Click the “Complete Our Form” button below, and let’s get started. Or if you have more questions, don’t hesitate to reach out to our team. We’re always here to ensure you have all the information you need to make the best decision. Your financial future awaits, let’s explore it together with Loanable!

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About Us.

We’re based in the North West of England with a dedicated, experienced team of  advisors helping homeowners, property developers and investors across the United Kingdom. We have access to over 400loans from the nation’s top lenders. We’ll match your individual circumstances to the right advisor who will source the best lender and ensure you get the correct deal.

We’re open 7 days a week Simply complete the form and one of our advisors will make contact and talk you through your options.

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