accepted.co.uk - the loans search engine

People looking at making home improvements - which could be paid for with a loan - may be encouraged to hear the advice of one sector commentator, who says that potential demand for builders could mean work gets done quickly.

Chris Martin, an architect at theHousePlanner, says that a fall in orders may mean the architects and builders get on with the job with more speed.

"Inevitably the economic downturn means that people tend to remain in their existing homes for a longer period. Thus, many owners' thoughts turn to improving or adapting the home to suit their current needs," he states.

In addition, workmen and other property experts hired may value the job at a more favourable price because of the credit crunch, Mr Martin adds.

Meanwhile, FindaProperty.com claims that lower interest rates and property prices could lead to more buyers entering the housing market.

People considering home improvements, especially after Mr Martin's comments, may want to consider taking out secured loans to fund such a venture.