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People wondering whether to take out a loan to pay for essential home improvements may decide to do so after hearing the warnings of one organisation.

According to uSwitch.com, 42 per cent of households are putting safety at risk by not getting their boiler serviced, a move which could lead to individuals being poisoned by potentially fatal carbon monoxide.

In addition, 64 per cent of households admit that they do not have the cover in place to pay for the repair bill if a boiler or heating system breaks, the website's research discovered, although a loan could pay for any winter expenses.

Commenting on the findings, Ann Robinson, director of Consumer Policy at uSwitch.com, says: "With household budgets stretched to the limit, making a quick saving can seem very tempting."

And she continues: "However, not having an annual gas safety check could have some very serious consequences for both your health and your finances."

Such news comes after the website recently reported that people were chancing their safety by driving cars that were not roadworthy, due to financial pressure.

But for any home improvements needed, individuals may want to pay for such ventures with secured loans.