Make do and Mend - Renovation Rules in 2012
HARROGATE, England, May 11, 2012 /PRNewswire/ --
Under economic pressures and with the housing market in decline, 2012 sees many people investing in their own properties, rather than buying.
It has recently been announced that the UK is in a double-dip recession, doing nothing for the spirits of people struggling to make ends meet. The past few years have seen negative equity, house repossessions, widespread redundancy and a swelling mass of unemployed people.
The fact that house prices have plummeted and don't seem to be on the rise anytime soon has put a lot of people off selling. And with good reason too as it is almost inevitable that when the economy limps through the current troubles, prices will again rise and homeowners' equity will increase, at which point they will be able to get more satisfactory offers.
For the time being though, people are hesitant to sell and many are instead investing in their current homes, by renovating, refurbishing and decorating them. The value of a property can be increased by simple measures like repairing existing faults, converting basements or attics into additional rooms, or fitting new bathrooms or kitchens. These improvements could prove valuable when a homeowner decides that it is time to sell, and they will improve the chances of finding buyers quickly too.
It must of course be remembered that investing in a property always costs money, and in these austere times homeowners may not have a lot of cash to play with. Such people could benefit from a secured loan from Nemo Personal Finance http://www.nemo-loans.co.uk, which could fund the desired enhancements.
Homeowners could borrow between £7,500 and £100,000 from Nemo, and this can be repaid over a term of 3 to 25 years. Subject to status, this means that people could borrow as much as they need to fund their home improvements and pay back the sum they borrow in affordable repayments.
Nemo Personal Finance http://www.nemo-loans.co.uk is a part of the Principality Building Society Group and provides secured loans for UK homeowners with an existing mortgage. Nemo aims to unravel the complications of personal finance and to provide homeowner loans that fit individual needs and lifestyles. Nemo is a responsible lender and will only make loans available to people who can afford them.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Today on 10th May 2012, secured loans from Nemo are available over a term of 3 - 25 years at a rate of Typical 10.4% APR variable.
Nemo Personal Finance Ltd
5 Fitzalan Place
SOURCE Nemo Personal Finance LtdBack to top