Wednesday, January 5, 2011
Category:
Home Improvements
According to Santander Mortgages, Britons are opting for hand-me-downs and second-hand bargains as opposed to brand new home furnishings. New research, amongst over 2,000 adults, has reportedly revealed that the equivalent of millions of homeowners are going down this route in a bid to ‘embrace the age of austerity’ following Christmas expenditure and the imminent VAT increase.
Santander Mortgages’ research uncovered that nowadays 28 percent of home furnishings are borrowed, handed down or purchased second-hand. It was found that just 58 percent of homeowners now make the decision to purchase new living room furniture, whilst 23 percent plump for second-hand cutlery and crockery. At 48 percent, virtually half of respondents reportedly claimed to have either purchased or received dining room furniture that had been previously owned, and 12 percent said that they had acquired second-hand linen.
On a geographical basis, the research revealed that the East Midlands is the UK’s ‘hand-me-down capital’. In this part of the country, 39 percent of household items were found to have been acquired on a second-hand basis.
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Homeowners who haven’t had the opportunity to put their personal stamp on their property due to financial constraints could consider taking out a
secured loan to make this possible. One of many finance options available, a secured loan for home improvements could allow borrowers to completely re-decorate and re-furbish their property in accordance with their personal tastes and lifestyles. What’s more, homeowners who would like some extra living space could even investigate investing in an extension or conservatory to really transform their current house into their ideal home.
