...

Best Loan Rates For April 2024

Understanding Home Repair Loans

A home repair secured loan from Loanable is designed to provide financial support for homeowners dealing with essential home repair costs. These loans are secured against your property, offering a practical solution for funding significant repairs and ensuring the maintenance of your home’s safety and functionality.

Here’s why our home repair secured loans might be the right choice for you:

  • Tailored for Repairs: Our home repair loans are specifically created to cater to the needs of homeowners needing to finance important home repairs. They can help you tackle immediate repair needs without straining your savings or disrupting your monthly budget.

  • Manageable Repayments: Managing finances can be a challenging task, especially when unforeseen repair bills crop up. At Loanable, we ease this stress with home repair loans ranging from £10,000 to £1 million, enabling you to finance your repair needs with regular, manageable repayments.

  • Flexible Terms: Your financial situation is unique, and so are our repayment periods. Our repayment terms range from 3 to 30 years, allowing you to choose a plan that best suits your financial circumstances.

  • Specific for Your Needs: Whether you need to repair a leaking roof, replace a broken boiler, or upgrade your home’s insulation, our home repair secured loans are designed to cater to a wide range of home repair needs.

  • Helpful Team: At Loanable, we’re not just about providing loans. We’re here to guide you on your financial journey with a dedicated team ready to support you every step of the way.

Choose Loanable’s home repair secured loans, and let us help you maintain the comfort and value of your home.

The Benefits of Choosing Loanable Home Repair Loans

Our objective at Loanable is to provide you with the necessary financial support to maintain the safety, comfort, and value of your home. Our secured loans offer a variety of advantages, empowering you to handle home repair costs with confidence.

  • Easy Financial Management: Managing sudden home repair costs can be overwhelming. Our home repair secured loans offer a solution to this, allowing you to convert an unforeseen and potentially large repair bill into a single, regular payment, simplifying your financial management.

  • Flexible Repayment Terms: We appreciate that everyone’s financial circumstances are unique. With repayment terms ranging from 3 to 30 years, we provide the flexibility for you to choose a repayment period that aligns with your financial capabilities and long-term plans.

  • Loans Tailored to Your Needs: Whether you need to finance significant structural repairs, or handle a series of smaller but essential fixes, we offer home repair loans specifically tailored to meet your unique requirements.

  • Considered Approach: We assess your overall financial health, not just your credit score. We take into account your income, financial stability, and the equity in your home when making our lending decisions, providing a comprehensive and fair evaluation.

Choose Loanable’s home repair secured loans for a compassionate and understanding approach to lending. With our support, you can ensure your home remains the safe and comfortable sanctuary you love.

Home Repair Loan Use Cases

Our home repair secured loans can be instrumental in various circumstances. Here are some common examples where a home repair secured loan might be the perfect fit:

  • Roof Repair or Replacement: Damage to your home’s roof, whether through age or weather, can have serious implications. These types of repairs are often costly but are essential to keep your home weatherproof and insulated. Our home repair loans can help you cover these costs.

  • Plumbing and Electrical Fixes: These systems are vital to the function of your home but can be expensive to fix or update. If you’re dealing with persistent plumbing issues or electrical problems, a home repair secured loan can finance the professional help needed.

  • Structural Repairs: Issues like subsidence, timber decay, or brickwork problems can affect the stability and safety of your home. Our loans can help you fund the necessary remedial work. See our home renovation loans for more information.

  • Efficiency Upgrades: Upgrading your heating system or improving your home’s insulation can save you money in the long term and increase your home’s value. A home repair secured loan can cover these costs. See our heat pump loans for more information.

  • Emergency Repairs: Unexpected issues like boiler breakdowns or storm damage can be stressful and expensive. A home repair secured loan can provide you with the funds to tackle these emergency repairs promptly.

At Loanable, we’re all about providing financial solutions that fit your unique needs. Our home repair secured loans help you maintain your home’s safety, functionality, and value without derailing your finances.

Are You Eligible for a Loanable Home RepairLoan?

We endeavour to make our home repair 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 repair loan.

  • Collateral Requirement: A home repair 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 repair 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 goals.

How to Apply for Your Home Repair Loan

We know that dealing with finances can be daunting, which is why we’ve made our application process as simple and stress-free as possible. Here’s your step-by-step guide to applying for a Loanable secured loan:

 

  • Step 1: Fill Out Our Online Form
    Begin by completing our easy-to-use online form. We’ll need some basic details about you, the loan amount you’re seeking, and the property you’re using as security.
  • Step 2: Consultation with Our Advisors
    Once we’ve received your online form, one of our friendly and expert advisors will contact 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 create a personalised 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 prevent 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 as quickly as possible.

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

Securing a loan with Loanable is that simple! Begin your home repair loan application today and take the first step towards achieving your financial goals.

Complete Our Form

Home Repair Loan FAQs

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

A home repair secured loan can be used to finance various home repairs, including roof repairs, plumbing or electrical work, structural repairs, efficiency upgrades, or even emergency repairs. You could also opt to use the funds for other home improvements. Take a look at our home improvement loans for more information.

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.

Complete Our Form

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!

Complete Our Form

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.

Our team.

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.