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Homeowners who have taken out a loan in order to pay for home improvements may be wise to follow advice which states that property experts should not be forgotten about when doing a house up.

Commenting on findings from Lloyds TSB research, Phil Spencer - who has presented Location Location Location - said that professional opinion should be sought by those who are unsure about any aspect of renovation.

Furthermore, this move could save a household money in the future, he continued, which could mean those with secured loans may be wise to spend some of it on expert help.

"There are options for all price brackets but anything that you do in this market needs to be appropriate to the property," Mr Spencer added, stating that people should think carefully about how home improvements would be funded.

One way that they could be paid for may be through secured loans, which could see the lender taking the circumstances of a borrower into account, including current outgoings and existing credit.