Create More Personal Space in Your Home

By: Gracy Bonsu

As they say, home is the ultimate destination of any man. What if this luxury turns out to be a disturbing experience as you are left with little personal space in the home? It will be a good idea to get another floor constructed so that you can again resort to leisure of calmness, free from any interference.

The funds are often the stumbling block when a big spending decision is to be made. But, nothing should stop you from carrying out your exquisite plans. A homeowner is always a privileged person. Even an average home in the UK has value of more than 200,000 pounds and this figure nearly doubles if you are residing in London. It means that you can always borrow money based on the equity in your home. The loan amount can go upto 80 percent of the value of your home. So, being a homeowner, finance should not be a problem.

Secured homeowner loans offer you a benefit in the form of low interest rates and this makes the loans more attractive. These days, the Britons are increasingly looking forward to make their home greener and eco-friendly. You can make efforts that another floor you plan to build conforms to all the environment friendly features. You can implement various green measures like fitting cavity wall insulation that reduce the pilferage of energy. You can also try to conserve natural resources like water, soil, etc. The power that runs your home can be efficiently used if you keep the environmental aspects in consideration. At the end of the day, you will realise that any extra expenditure incurred here on environmental aspects is recovered only in few years by way of savings and optimum use of resources.

There are lenders who can give you upto 200,000 pounds at very low rates. Obviously, this will require you to pledge your residential property and the loan eligibility will be determined on the basis of the value of your home less any amount already borrowed on it. As different lenders have different policies, it is better to compare secured homeowner loans and check if any lender is willing to offer more loan-to-value so that you are able to get extra loan amount. Homeowner loans are not only available with the traditional banks but many private online lenders are also helping people in securing loans at competitive rates. The biggest benefit in Homeowner loans is that the lenders may even ignore your bad credit score because of the presence of a valuable security.

Home Loans
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