17th Sept '08 - Secured Loans Could Aid Home Improvers

Posted on Wednesday, September 17th, 2008 at 5:12pm

Secured loans
could provide a way for people to improve the energy-efficiency of their properties, following comments from the Energy Saving Trust (EST).

Paul Owen, energy doctor at the organisation, explains that simple measures can result in big savings when it comes to paying energy bills.

He suggests sewing thermal linings into curtains and installing draught-proofing around doors as effective practices to try out.

More extensive work can result in even smaller bills, Mr Owen adds.

"Cavity wall insulation is one of the most cost-effective energy-efficiency measures you can take in the home, as it can save you around £120 each year on your heating bill," the energy doctor concludes.

A report by the Communities and Local Government committee, published earlier this year, stated the average existing UK house emitted 1.6 tonnes of carbon every year.

People looking for a way to fund enhancements to their properties could well find that secured loans provide them with a means to do so.

15.9% APR Typical variable

WARNING: 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. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.