Bank holiday weekend gives home improvers DIY opportunity

With many homeowners opting to improve rather than move, the coming bank holiday weekend provides an ideal opportunity to get stuck in to basic painting and decorating DIY projects.

As the cost of moving house continues to grow, homeowners are now looking for ways to better invest funds into their current property; sometimes having a significant impact on the value of the home they already live in.

Commenting on the number of secured loans taken out for home improvements, Phil Jones, joint managing director of Nemo Personal Finance, said: "Home improvements can provide homeowners with an alternative to moving house if they need to accommodate a growing family, or if they simply want more space. Since paying out our first loan in February 2005, almost a quarter of customers have borrowed specifically to fund home improvements, with the overall majority of customers having an element of home improvements attached to their need to take a loan out with us."

Staying put and improving what they already have can enable homeowners to move up the property ladder without the hassle and complication of moving house, provided that they make sound investments and engage professionals to help them.

And with so many television programmes inspiring British homeowners to stay put, improving what they already have, it's no surprise that we're turning into a nation of home improvement lovers.

For those homeowners looking for finance to fund their next big improvement project, a secured loan from Nemo could be the answer. With competitive rates ranging from 6.7% APR variable to 13.4% APR variable, typical 8.4% APR variable, Nemo will do its best to find a loan that fits in with individual circumstances and lifestyles. Subject to status, homeowners can borrow any amount from £10,000 to £100,000 and repay it over a term of 5 to 25 years, allowing them to make the changes that will create their ideal home.