Home Improvement Loans

Turn your house into a dream home

Home Improvement Loans

Whether you are looking to build an extension, upgrade your windows or add a new kitchen a personal loan could help make your plans a reality. Home improvements not only make your home more enjoyable to live in they could also add value to your property.

We've teamed up with Neyber, our trusted partner, to offer home improvement loans to the Police family.

  • Loans from £2,000 to £25,000 over 1-5 years
  • Money could be in your account within one working day of loan approval
  • Make overpayments free of charge
  • Fixed monthly repayments - know exactly how much it will cost each month
  • Quick & easy to apply online

Please refer to 'Important things you need to know' below for more information.

A loan to make your house a home.

Knowing how much you can afford to spend and repay each month can really help you when obtaining quotes for your planned work.

Have a look at the rates available exclusively for the Police family:

Rates are fixed and correct as of June 2017. Future rates are subject to change

*Representative example: You could borrow a loan amount of £7,000 with a monthly repayment of £209.15 over a term of 36 months at a 4.9% (fixed) rate of interest per annum. Administrative fees are £0. Total amount repayable is £7,529.30. This is equivalent to 4.9% APR Representative.


Please check that you meet the eligibility criteria before applying for a loan, full information can be found here.

It is important to consider whether your planned improvements will increase the value of your home. If it does, make sure you review your home insurance policy to ensure that your home continues to be protected. To find out more about Police Mutual home insurance and to get a quote click here.


Important things you need to know

Please note, loans are not currently available for PSNI members and their families.

All loans are subject to status and acceptance by Neyber.

Rates depend on loan amount, term and your individual circumstances and may differ from the Representative APR.

PMGI Limited, trading as Police Mutual is acting as credit broker. Neyber Limited is acting as lender for the purposes of entering into a consumer credit agreement.


PMGI Limited, trading as Police Mutual, is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales No. 1073408. Registered office Alexandra House, Queen Street, Lichfield, Staffordshire WS13 6QS.

Neyber Limited is authorised and regulated by the Financial Conduct Authority. Interim permission: 663054. Registered address: First Floor (East), Tabernacle Court, 16-28 Tabernacle Street, London, EC2A 4DD, United Kingdom, Company registered number: 08806631 Data Protection Registration Number: ZA039009.

Things to consider

Adding value to your property: home improvements can be a good way to add value to your property but that does not mean that the amount you spend will be reflected in the eventual sale price. Some properties will have a ‘ceiling price’ based on factors such as location & the size of the property. Talk to a local estate agent to find out what they think will add value and how much before starting the work.

Keeping the costs down: the cost of home improvements can really add up, create a budget and make sure that you set some extra aside for emergencies. If you think you may struggle to complete the whole project, consider tackling it in stages.

Paying for your home improvements: If you are thinking about taking out a loan remember to shop around for the best deal available to you. Cost, charges and terms available vary so take time to do your research.

Remember insurance: check with your home insurance provider, they will be able to tell you if any of the improvements you have planned will affect your policy.

Tips

Put yourself in a buyers shoes: home improvements often reflect your own tastes. If you are planning improvements with a view to selling your home in the future remember how they may appear to a potential buyer.

Get the best deal: shop around and get multiple quotes from different tradespeople, if they are not known to you ask for references from previous customers.

Check out the latest regulation: If you are not sure if you need planning permission or if building regulations apply, check with your local authority before starting any work.

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