Home improvement loans
If you are a homeowner looking to make essential home repairs, improvements or adaptations, our home improvement loan scheme may be the answer you have been looking for.
Apply for a decision in principle today.
If you are a homeowner looking to make essential home repairs, improvements or adaptations, our home improvement loan scheme may be the answer you have been looking for.
Apply for a decision in principle today.
Loans are subject to status and are typically protected by a Title Restriction.
Borrow £5,000 over 60 months, £92.08 monthly repayments. Total amount repayable = £5,544.96, including £20 fee for registering the Title Restriction against your property at the Land Registry. The £20.00 fee is only payable if a loan is agreed by Lendology and you decide to proceed with a loan. We do not charge interest on the fee. A Title Restriction means that you may not be able to sell your home without our permission unless the loan is fully repaid. This is a financial promotion approved by Lendology CIC. Missing payments could affect your credit rating and ability to obtain credit in the future.
Lendology provide a fixed interest rate on all of our loans so there are no surprises throughout the term of your loan. You can make overpayments on your loan account at any time, or settle the loan in full. There are no charges for over or early repayments, and your interest will be calculated based on the date your loan is settled. And the best bit, all of our home improvement loans are approved by people for people, not credit scores or computers.
Lendology work in partnership with local councils to lend to eligible homeowners. Each local council has its own policy, funds are limited and loans are targeted at homeowners who may find it challenging to access credit elsewhere.
To discuss your circumstances and eligibility, please contact us.
If you are a homeowner looking to finance repairs to your home, our home improvement loan could be the answer you have been looking for.
Apply for a decision in principle today.
Our lending decisions are made by people, not computers. This means that we can lend to a broad range of homeowners. Our Case Managers take the time to understand your unique financial circumstances, both now and into the future.
Lendology work in partnership with local councils to lend to eligible homeowners. Each local council has its own policy, funds are limited and loans are targeted at homeowners who may find it challenging to access credit elsewhere.
To discuss your circumstances and eligibility, please contact us.
Apply for a decision in principle today.
With fixed interest, no early repayment charges and the option to make overpayments at any time, our flexible loan scheme can be tailored to suit your individual circumstances.
Apply for a decision in principle today.
Interest rate
0%
Monthly payment
£0
Land registry fee
£20
Interest payable
£0
Total amount payable
£0
We are always happy to answer any questions you have about our home improvement loans, or any of our other loan schemes. If our Frequently Asked Questions do not answer your query, please contact us and a member of our team can support you.
Lendology requires a Title Restriction as we lend local council funds to homeowners. The local council require repayment of the loan should the loan property be sold during the loan term. The Restriction is only in place whilst there is a balance due on the loan. When you have repaid your loan in full, we will deal with the removal of the Title Restriction at the Land Registry. There is no fee or charge for this.
If during the loan term you decide to sell or transfer the ownership of your home, your legal representative will write to us and request a loan balance on the date of sale, and we will remove the Title Restriction when the balance of the loan has been received.
Our Title Restriction means that if the loan balance is still outstanding when you sell your property, Lendology will require its funds returned as part of this process. Your legal representative will write to us and request a loan balance on the date of sale, and we will remove the Title Restriction when the balance of the loan has been received.
If you are re-mortgaging your home, your legal representative will contact us for our consent. We consider each case on a case-by-case basis and are likely to approve your re-mortgage if your new mortgage is similar to your previous mortgage when you took your Lendology loan. If we do not consent to your re-mortgage, we will confirm to your legal representative the loan balance required to settle the loan.
We will never ask you to sell your property in order to repay the loan.
A home improvement loan is a way of spreading the cost of home repairs or improvements, but experiencing the benefit right away.
When you complete a Lendology loan application, your dedicated Case Manager will complete a free affordability check and Credit Check so you can understand if we can lend in principle, and how much you could borrow.
Your Case Manager will review your income and outgoings using your Bank Statements and review secured (e.g. your mortgage) and unsecured (e.g. credit cards) borrowing.
We work with a wide range of homeowners, whether you are retired, self-employed, in receipt of state benefits, or employed full time.
After the assessment, you’ll receive a personalised, conditional offer valid for six months, giving plenty of time to find your chosen contractor to quote your preferred works.
We have clear timescales to complete your application, and you will always know the next steps and how to contact us.
Home loans to fund improvements are much like other loans. You decide on how much you need to borrow for your home renovation project or home repairs, and then apply to Lendology for a loan.
You may have some savings to put towards the total cost of works, so your home renovation loan may be less than the total cost of the project. The cost of building materials changes daily, and you should ask your chosen builder or contractor how long their quote is valid for. If the quote changes, you will need to agree with your builder the final cost before works start.
Sometimes, unexpected works are uncovered as the project begins, and you may need to borrow more to cover the cost of your home renovation. You should discuss this with Lendology as soon as possible as we may be able to help you with finance options. To help you work out any potential costings use our loan calculator above.
The best loans for home improvements are those which allow you flexibility but with a fixed rate of interest. Lendology proudly offer loans which have a fixed interest rate, no early repayment charges and the option to make overpayments at any time.
Lendology lend from £500 up to £20,000 or more, and the maximum repayment period for a capital repayment is 15 years. Our home improvement loan calculator enables you to calculate your monthly repayments over a loan term that suits you.
Home Improvement Loans can be used for a wide range of home repairs, improvements, adaptations, energy efficiency improvements or renewable energy systems.
Lendology’s home improvement loans offer you a flexible solution to financing renovation or improvement works to your home. Projects that we have previously financed include:
