Secured Home Renovation Loans - Loanable | Secured Loan Specialists

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Understanding Home Renovation Loans

A home renovation loan is a specific kind of secured loan that capitalises on the equity in your property, generating a lump sum for significant renovation projects. This type of loan can be useful when you’re aiming to carry out large-scale overhauls, offering a direct route to transform your home while enhancing its value.

Home renovation loans are a long-term financial solution, with terms typically stretching from 3 to 30 years. At Loanable, we understand that each renovation project is unique, just like the homeowners undertaking them, so we shape our loan options to align with your specific needs.

Our home renovation loans set themselves apart from conventional financing options due to their versatility and simplicity:

  • Renovation Capital: Facing major home transformations can be overwhelming. With Loanable, you can harness your property’s equity, offering loans ranging from £10,000 to £1 million. This enables a manageable approach to funding your renovations with a single, regular repayment.

  • Customised Repayment Terms: Our home renovation loans are crafted to accommodate your financial situation. With repayment periods spanning 3 to 30 years, we offer the flexibility to pick a term that complements your financial status best.

  • Transform Your Property: If you’re planning an extensive home overhaul or considering smaller-scale home improvement loans, our home renovation loans carve out a clear financial path for you.

  • Credit Concerns? We’ve Got You Covered: Traditional lenders may focus mainly on your credit history. We take a more holistic view, considering your complete financial scenario when making our lending decisions. Even with a less-than-perfect credit score, you could still qualify for a Loanable home renovation loan.

  • 100% LTV Products Available: Looking for a loan matching the total value of your property? Rest easy; our range of products have got you covered.

Our mission is to facilitate your financial journey, especially when it involves your dream home renovation. With our home renovation loans, you’re not just utilising your property’s equity; you’re also gaining access to a committed, expert advisory team who’ll support you at each stage. Choose Loanable for a home renovation loan that’s precisely cut out for your needs.

The Benefits of Choosing Loanable Home Renovation Loans

At Loanable, we’re committed to facilitating your financial journey more efficiently. Our home renovation loans present a wealth of benefits, empowering you to navigate your finances confidently, regardless of your financial situation.

  • Streamlined Finance Management: Are you grappling with the intricacies of multiple repayments to various lenders? Our loans offer the perfect solution. With just one regular payment, you can declutter your financial commitments and effectively manage your renovation resources.

  • Adaptable Repayment Terms to Match Your Situation: We recognise that everyone’s financial circumstances are unique. Therefore, with repayment terms stretching from 3 to 30 years, we offer you the flexibility to choose a term that fits your financial health and repayment capabilities best.

  • Openness to Poor Credit History: A suboptimal credit score should not hold you back from achieving your financial goals. At Loanable, we assess your broader financial picture, not solely your credit history, in our lending decisions.

  • No Upfront Credit Checks: We understand that the loan application process can seem daunting, especially if you’re worried about the potential implications on your credit score. That’s why we refrain from conducting initial credit checks, focusing instead on your overall financial landscape to make our lending decisions.

Home Renovation Loan Use Cases

Our home renovation loans can prove beneficial in a host of circumstances. Here are a few typical situations where a home renovation loan from Loanable might be the perfect fit:

  • Project Funding: Home renovations can be sizeable projects that often require significant funding. With our home renovation loan, you can secure the necessary funds to refurbish your property, whether you’re looking to convert your loft, extend your living space, or carry out a full property overhaul.

  • Enhancing Property Value: Renovations often increase the market value of a property. If you’re seeking to maximise your home’s value before selling it, a home renovation loan can provide the financial support to make those upgrades.

  • Large-Scale Renovations: If you’re undertaking a large-scale renovation project, such as a home extension or structural modification, that smaller unsecured loans can’t cover, a home renovation loan can offer the necessary capital.

  • Managing Cash Flow: By consolidating high-interest debts into a home renovation loan with a competitive rate, you could potentially lower your monthly repayments, thereby freeing up more of your income for your renovation project.

At Loanable, we are committed to providing financial solutions tailored to your specific needs and circumstances. Allow us to guide you towards a robust financial future and a beautifully renovated home.

Are You Eligible for a Loanable Home Renovation Loan?

We endeavour to make our home renovation loans accessible to a wide range of individuals. Our main aim is to support you in reclaiming control over your financial circumstances, regardless of their present condition.

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

  • Age Limitation: You need to be at least 21 years of age to apply for a Loanable home renovation loan.

  • Collateral Requirement: A home renovation loan requires a property as collateral. This could be your main residence or another property you own.

  • Proof of Repayment Capability: Whilst we don’t exclusively base our decisions on your credit history, we do necessitate evidence of your capacity to repay the loan. This can be presented via details of your income, savings, or a budget plan demonstrating your ability to handle the new home renovation 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 take pride in our comprehensive approach to lending. Don’t allow a lack of traditional qualifications or a poor credit history to discourage you from applying for a home renovation loan with us. We’ll evaluate your entire financial situation and strive to find a solution that suits you. Apply today and let us help you with your renovation goals.

How to Apply for Your Home Renovation Loan

We understand that managing your finances can sometimes seem daunting, so we’ve designed our application process to be simple and stress-free. Here’s your step-by-step guide to applying for a Loanable home renovation loan:

  • Step 1: Complete Our Online Form
    Start the process by filling in our straightforward and user-friendly online form. We’ll require some basic information about you, the loan amount you’re seeking, and the property you’re using as security.
  • Step 2: Consult with Our Advisors
    Upon receiving your online form, one of our experienced and friendly advisors will get in touch with you. They’ll discuss your individual requirements and financial circumstances, and will gladly answer any queries you may have. This consultation helps us tailor the loan to your unique requirements.
  • Step 3: Obtain Your Personalised Loan Proposal
    Following the consultation, we’ll use our expertise to identify the most appropriate lender and assemble a personalised loan proposal that aligns with your situation. We’ll forward this proposal to you for your review and approval.
  • Step 4: Legal Checks and Property Valuation
    Once you give your approval, we’ll proceed with the essential legal checks and property valuation. We endeavour to conduct these checks rapidly to avoid any potential delays in processing your loan.
  • Step 5: Release of Loan Funds
    When all checks have been successfully completed, the lender will disburse the funds. The timeframe for this can vary, but we always strive to make the funds available to you within a matter of days.

Throughout the application process, our team of advisors is on hand seven days a week to assist you. Feel free to reach out to us at any point.

Securing a home renovation loan with Loanable is that straightforward! Start your application today and take the first stride towards streamlining your finances.

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Home Renovation Loan FAQs

At Loanable, we aim to make the process of obtaining a secured home renovation loan as clear and understandable as possible. To achieve this, we’ve compiled some of the most frequently asked questions:

A home renovation loan is a type of secured loan that allows homeowners to borrow money against the equity in their home for renovation purposes. It can be used to fund significant remodelling projects such as extending a house, renovating a kitchen, or revamping a bathroom. This is different from home improvement loans, which can also cover smaller projects and maintenance tasks.

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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