30 July 2012

The latest research carried out by Nationwide has displayed that 47% of property owners plan to carry out home improvements within a year and a further 8% are planning to move.

72% of those looking to carry out DIY plan to update or modernise décor and one out of every ten respondents feel they don’t have enough space in their property.

Nationwide have also shown that property owners typically borrow around £10,000 over five years for home improvements.

The lender’s research also uncovered a £1,093 gap between the cheapest and most costly personal loans advising customers to shop around before committing to a personal loan.
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