There are a few types of solutions you can get, which include secured finance or unsecured loans. With secured home improvement loans, you will borrow money against your property. This means your home could be repossessed if you fail to make your repayments. However, this means lenders may be more flexible with their criteria, including loan sizes and terms. Unsecured home improvement loans will not use an asset as security. This means your home is not at risk if you fail to repay. However, this means lenders may be less flexible with their criteria, so it can be harder to get accepted for this option. Therefore, you may require a good credit score to be eligible. Both funding solutions can help you in a range of ways. It’s important that you weigh up each type to decide which one is suitable for your plans. If you’re unsure it could be worth reaching out to a financial advisor who will be able to support you. Check out a recent case study showing how we helped a client get a secured loan to expand their home with a double-storey extension.