Home improvement loan 'could boost property value' by Finance News Bulletin

Published: 03/01/08

Bankruptcy is "becoming more and more palatable" to those in serious money owing, according to Thomas CharlesThree-quarters of people in the UK do not understand how a one per cent dissimilarity in mortgage rates would have an effect on their loan, according to new researchto create home improvements could boost a property's value significantly, according to statisticsfor possessions improvements, homeowners should make sure they choose the changes that would increase their homes' worth the most, according to a UK lender

After quizzing land agents, GE Money house Lending found that loft conversions and room extensions are generally the most valuable renovationscreation these changes could add up to £42,000 to a home's worth, according to the land agentsCommenting on the findings, Giacomo Gigantiello of the loans supplier said: "It is important that consumers appreciate and establish DIY and renovation everyday jobs which will add the most equity to their particular home"Alliance & Leicester also found that loft conversions could add worth to homes and that it could be cheaper to find a loan for such home improvements instead of moving to a larger home

The bank's older personal loans boss Richard Al-Dabbagh said homeowners could be tempted to take further advances on their mortgage when responsibility big renovationsHowever, it was optional homeowners could find a "cheaper alternative" with

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