Increase In Home Improvement Loans - 6/09/10
Sainsburys Finance have recently revealed that people are taking more money out on personal loans to improve their homes. 20% of personal loans Sainsburys Finance lent in the first six months of the year were for home improvement projects. Roughly the same percentage during the same period in 2009 (20.7%), although the the survey found that the average loan amount had increased from £8,237 in 2009 to £9,225 in 2010.
Steven Baillie, head of loans at the firm suggested the the trends were linked to the state of the housing market, resulting in home owners improving their homes rather than moving. He said:
"Some recent reports indicate that many Britons are delaying buying major items at the moment, but our figures indicate that when it comes to our homes, improving them is the exception.”
So if you looking to improve rather move then search for a Tradesman in your area start now: Search for your chosen trade category and location in the search bar
6th September 2010
