A home improvement loan is a type of personal loan that’s used to cover the cost of the labour, materials and tools you need to make additions or renovations to your house. Buying a house is one of the biggest investments we’ll ever make, so it makes sense to try to raise its value wherever and whenever we can.
If you really want to make your house a home, with Progressive Money you can borrow from £1,000 up to £15,000 to help make your home improvement plans a reality. Plus, you can choose how long you want to pay back the loan, from 18 months to 10 years. So whether you’re looking to give your rooms a lick of paint or designing your dream garden, we’re committed to helping you achieve your home improvement vision.
Ready to get started? Take a look at our home improvement loan calculator to find out how much you can borrow.
Making a home your own is a process that can take years – as soon as you set foot in the place you want to buy, you’ll have plans for everything from the furniture to the flooring.
When you have the time and, more importantly, the money to carry out these projects around the home, you can start to put in the hard work to make everything look just the way you want.
And if you’re planning to sell your home one day, putting your time and effort into a refurb project is a great way to boost the selling price, and make the place a more attractive prospect for potential buyers.
Either way, by taking out a home improvement loan, you’ll get a flexible repayment period of up to 10 years, and a clear understanding of the loan fees. The application process is straightforward and your very own personal account manager is only a phone call away.
So whether you’re doing maintenance, creating additional space or saving energy, a home improvements loan may have you enjoying the home of your dreams far quicker than you would otherwise.
Bathrooms are usually high on the list of home improvement goals. Whether it’s installing a new en-suite or sprucing up the shower, working on the bathroom will do wonders for the whole family – no more queuing up on a cold morning.
New addition to the family? A loft conversion could be a great extension to your home. Use it as a brand new bedroom for the kids, or simply somewhere to store the stuff you just have to keep. Make sure you think about how you’ll reach the loft – whether it’s a sturdy ladder or a new flight of stairs – and how much space you can spare.
If you want to raise money for new windows, think about the costs. Double glazing can be expensive, but it’s highly energy-efficient so you’re likely to save a lot more money on heating bills for many years to come.
Looking for advice on home improvements? Here are some tips to make your money go further:
Compare every cost: Whether you’re budgeting for materials or seeking out the top tradesmen, you should always get more than one quote.
Don’t risk the tricky jobs yourself: Unless you’re absolutely sure you can handle that big plastering job, it’s probably best left to a professional – the cost of a redo would probably be more than the cost of hiring someone else in the first place.
Always plan ahead: However big or small the task, it’s always best to plan ahead. Try to schedule the best times of day and week for each task. Make sure each area is properly prepared before you get to work. After all, doing it right means you don’t have to spend more to do it again.
We try to make our borrowing as flexible as possible, but there are a few requirements which you must meet in order to secure your loans for home improvement.
You must be:
As long as you meet those requirements get in touch to discuss a home improvement loan. Our dedicated account managers are just a phone call away.
If you’re looking to fit your dream kitchen, or simply make improvements to your existing one, a kitchen loan can provide the funds to make it possible. At Progressive Money, we understand that interior design and style are personal to the individual. Whether you’ve recently bought your home and want to make it your own or just fancy a bit of an update with some fresh renovations, we’re here for you. The kitchen is the heart of your home – it’s a space for socialising and preparing your family’s meals, so it’s understandable you’d want it looking its best and sporting every mod con.
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