Home improvement loans

Can you get a loan to renovate a house?

Yes, you can get a home collected loan in the United Kingdom. This is a fairly popular type of loan. Moreover, you can consider several financing options and choose the most suitable one.

We suggest that you familiarize yourself with the following types of financing for the repair of a house or apartment:

1. Personal loans. These include unsecured consumer loans that can be used for any purpose, including repairs. Among the advantages of this type of loan is that there is no need to provide collateral, but the disadvantage of financing is correspondingly higher interest rates and lower borrowing limits.
2. Home improvement loans. This is a personal loan, but the program is specially designed for a specific purpose, namely the repair of real estate. Accordingly, interest rates will be slightly lower than for a standard personal loan, but higher than for a secured loan.
3. Mortgage loans can be obtained by homeowners. Among the advantages of this type of loan is the opportunity to borrow a larger amount and for a longer term, and interest rates are usually lower. Disadvantages of this financing: a certain risk of losing housing in case of failure to repay the loan; longer review and approval process
4. Remortgaging. This program is available for customers who have already issued a mortgage and wish to free up capital for repairs
5. Credit cards can also be considered as a way to finance home renovations. The feasibility of issuing a credit card for home renovation should be evaluated depending on the credit limit, the presence of an interest-free period, and other factors

Please note that even borrowers with a bad credit history can take out home loans with renovation. However, the financing conditions will not be loyal

We hope that our catalog of home loans with repair offers will help you find a good deal!

Home loan calculations for 20 years (example)

What are home collected loans in the UK?

Home collected loans, also known as doorstep loans, are a type of short-term personal loan in the UK where the lender visits the borrower's home to both deliver the loan and collect repayments. These loans are typically offered to individuals who may have difficulty accessing traditional forms of credit, often due to poor credit histories or low incomes.

The borrower applies for a loan either online, over the phone, or in person with the lender. The lender then sends a representative (an agent) to the borrower's home to discuss the loan in detail, including the amount, repayment terms, and interest rates.

If the loan is approved, the agent delivers the cash directly to the borrower's home. This is one of the main differences from other loans, where the funds are usually transferred electronically.

Repayments are collected weekly or fortnightly by the agent visiting the borrower's home. The amount collected includes both the loan repayment and any interest or fees. Home collected loans are typically small, often ranging from £100 to £1,000, although some lenders may offer larger amounts.

Interest rates on home collected loans are usually higher than those on traditional loans, reflecting the higher risk taken by the lender. They can be significantly more expensive than other forms of credit.

See the popular FAQ at the link: 

• Bank of Ireland early repayment charge
• Bank of Ireland mortgage application process
• Bank of Ireland mortgage overpayment
• Clydesdale Bank mortgage holiday offer
• Clydesdale for intermediaries

Details of companies offering the financial services:

ABC Finance Limited

Head office’s address: Point North Park Plaza, Cannock WS12 2DF

Contact center: +44 1922-620-008

Web-site: https://abcfinance.co.uk/

AIB Group (UK)

Head office’s address: 1 Undershaft, London EC3A 8AB

Phone: +44 (020) 764-733-00

Web-site: https://aibgb.co.uk

Swift code: AIBKGB2LXXX

Reference number: 122088

ABN: NI018800

BSB: AIB

Cash Compare

Head office’s address: London

Web-site: https://www.cashcompare.co.uk/

Evolution Money

Head office’s address: 9 Portland Street, Manchester

Contact center: 0161-814-9158

Web-site: https://enquiry.clarity-uk.com/

Fair Finance

Head office’s address: 18-22 Ashwin St, London E8 3DL

Phone: +44 20 8988-0627

Web-site: https://www.fairfinance.org.uk/

Fast Loan UK

Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW

Web-site: https://www.fastloanuk.co.uk/

Got Capital

Head office’s address: 131 Finsbury Pavement, London

Contact center: +44(0)203 7500096

Web-site: https://gotcapital.co.uk/

Halifax

Head office’s address: The Mound, Edinburgh EH1 1YZ

Contact center: 0345-720-3040

Phone: +44 (011) 3242 19 84

Web-site: http://www.halifax.co.uk/

Stock code: HALP

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

Lending Stream

Head office’s address: Lending Stream, PO Box 10756, LEICESTER, LE3 4GX

Web-site: https://www.lendingstream.co.uk

Nationwide

Head office’s address: Nationwide House Pipers Way

Contact center: 0800-30-20-15

Phone: +44 (034) 5730 20 15

Web-site: http://www.nationwide.co.uk

Swift code: NBSMGB22

Reference number: 106078

Stock code: NBS

ABN: 355B

BSB: NBSM

Nationwide Finance

Head office’s address: Nationwide Finance, 9 Osier Way, Olney Office Park, Olney, Buckinghamshire

Contact center: 01234 240-155

Web-site: https://www.nationwidefinance.co.uk/

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Norton Finance

Head office’s address: Norton House, Mansfield Rd, Rotherham S60 2DR

Contact center: +44 800-694-5566

Web-site: https://www.nortonfinance.co.uk/

NowLoan

Head office’s address: 272 Bath St, Glasgow G2 4JR

Web-site: https://www.nowloan.co.uk/

Ocean Finance

Head office’s address: Marlowe House, Watling St, Hockliffe, Leighton Buzzard LU7 9LS

Phone: +44 333-123-0022

Web-site: https://www.oceanfinance.co.uk/

Payday UK

Head office’s address: Payday Loans Limited, The Charter Building, Charter Place

Contact center: 0800-302-9409

Web-site: https://www.paydayuk.co.uk/

Pegasus Finance

Head office’s address: Technology House, Station Rd, Alton GU34 2PZ

Contact center: 800-066-2882

Web-site: https://www.pegasuspersonalfinance.co.uk/

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

Simple Personal Loans

Head office’s address: London

Web-site: https://www.simplepersonalloans.co.uk/

Tesco Bank

Head office’s address: 2 S Gyle Cres, Edinburgh EH12 9FQ

Contact center: 0800-591-688

Phone: +44 131 203 5000

Web-site: http://www.tescobank.com

Swift code: TPFGGB2L

Reference number: 186022

Stock code: TSCO

ABN: SC173199

BSB: TPFG

TSB

Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH

Phone: +44 (034) 5975 87 58

Web-site: http://www.tsb.co.uk

Swift code: TSBSGB2A

Reference number: 119278

Stock code: 94AQ

ABN: SC095237

BSB: TSBS

Zopa

Head office’s address: London

Web-site: https://www.zopa.com/