How To Get The Best Loan For Your Next Big Garden Project

Now I’m far from being a financial advisor, but from doing a little bit of research online, it seems that the type of loan you need to be able to upgrade your outdoor space is something called a home improvement loan.

These sort of loans can range in value, but I’ve found the comparison of home improvement loans on Bestloans.net to be fantastically simple and easy to understand, allowing you to choose the best deal for your credit rating and the amount you wish to borrow.

How Much Money Do You Need To Improve Your Garden?

The amount you need to borrow to improve your garden or patio space really depends on how “big” you’re going to go. If you wanted to make improvements on the patio itself, you may be able to get a new one laid for under £2,000, but if you want to invest in new garden furniture, new planting arrangements, a new turfed lawn, patio lighting, perhaps a large awning to protect from the sun, and even a new shed, you could be looking at £15,000+ to get it all done, and so getting a loan will be the only option available for the majority of people.

The moral of the story is, work out your budget before applying, and show the reasoning behind the amount in your application.

Can anyone get a home improvement loan?

Yes there are no limits on who can apply and receive a home improvement loan. However the amount you can borrow and the interest rate you get will be dependent on your credit history, and whether or not your want to put security down to match the loan value. For example you could get an unsecured loan of up to £50,000 with a representative APR of 3.4% if you have a good credit rating.

Further Resources

If you want to do your own research, then I’ve included some more links to read below:

http://www.powys.gov.uk/en/housing/home-improvement-loans-financial-assistance/
http://www.whitehorsedc.gov.uk/homeloan
https://www.cardiff.gov.uk/ENG/resident/Housing/Private-housing/Home-Improvements-Loan/Pages/default.aspx
http://wales.gov.uk/topics/housing-and-regeneration/grants-and-funding/home-improvement-loans/?lang=en
https://www.gosport.gov.uk/sections/environment/environmental-health/housing-pollution/home-improvement-loans/

About The Best Loans Website Mentioned

Like I previously mentioned, I really enjoyed the comparison provided at the Best Loan’s website, with a simple layout that made it really easy to figure out what I needed to know.

You can find out more about them using the details below:

Best Loans Group
Electric Works Serviced Offices, Sheffield Digital Campus
Sheffield
South Yorkshire
S1 2BJ
0114 3190937
[email protected]
https://bestloans.net/