Make your house a home with a loan from Hitachi Personal Finance

Make your house a home with a loan from Hitachi Personal Finance

Whether you’re in need of an extension or loft conversion to provide more space for your growing family, want to completely refurbish your new home, or update an existing kitchen or bathroom, we’re here to help.

A Hitachi loan based on borrowing £7,500 Amount over 5 years*
Representative Rate of interest Monthly repayment Total credit charge Total repayment
3.3% APR 3.3% (fixed) £135.61 £636.60 £8,136.60

Our Price Promise

The majority of our customers receive the advertised rate. However, if you complete an application directly via the Hitachi Personal Finance website and are given a higher APR, we guarantee that you’ll never pay more than £202.04 per month with our maximum 22.9% APR Representative when you borrow £7,500 over 5 years*.

And remember – if you apply for a shorter term and are offered a higher rate you will be able to increase the number of months you use to repay the loan to reduce your monthly payments to suit your budget.

Just one of the reasons we’ve been voted the UK’s Best Direct Loan Provider by Your Money for the last five years.

Why take out a loan for home improvements?

Often, the initial outlay for home improvements can be large but a home improvement loan from Hitachi Personal Finance can provide a useful solution. Once renovations are complete, you could be rewarded for years to come. Not only will it provide years of happiness, home improvements can also boost the value of your property.

According to PropertyPriceAdvice.co.uk the following home improvements could add the potential value to your home:

Home Improvement Area Potential Value Added
Splitting a house into flats 30%
Converting a cellar Up to 30%
Converting a garage into living space 15%
Extending a kitchen with a side-return extension 15%
Adding another bedroom with a loft conversion 15%
Increasing living space with a conservatory Up to 10%
Upgrading your current bathroom 3-5%

In the right situation, making a calculated home improvement could be worth the investment before selling a property. For example, PropertyMark suggest that upgrading an outdated bathroom or kitchen prior to the sale of your property could be worth it if you have the time and money as buyers may be willing to pay more to save themselves the hassle of buying and fitting a new kitchen or bathroom themselves.

Even if you’re not looking to sell your property straight away, investing in well thought-out home improvements could mean you potentially receive the money back and more once you move on to your next house or apartment. The key is to invest in appropriately sized home improvements that will stand the test of time and make your home more attractive to the next potential buyer.

The average cost of home improvements

The diverse range of home improvements available feeds into an array of potential costs of upgrading your home. In the below table, we look at the average cost of some of the most common home improvements according to the experts:

Home Improvement Estimated Average Cost Source Other Information
Splitting a house into flats £40,000 AssetSure Costs can vary dramatically and requires planning permission.
Adding a conservatory From £5,000 – small (supply only)
From £12,000 – medium
From £18,000 – large
Orangeries UK Lowest price may be as low as £5,000, higher end varieties can reach £25,000

May also require planning permission depending on size.

Loft conversion £15,000 HomeAdviceGuide Based on a ‘basic room in roof’ loft conversion.
Garage conversion £5,000-£8,000 HomeBuilding.co.uk Cost based on the average single garage.
Kitchen upgrade £8,000 HouseholdQuotes Top of the range units may cost much more.
Bathroom upgrade £3,000 HomeBuilding.co.uk Cost varies depending on start point and amount of replacements.
Cellar conversion £720-£2,640
per sq m
Real Homes Costs vary on existing space, rarely requires planning permission.
Kitchen extension £1,260 – £1,680 per sq m PropertyPriceAdvice Based on a report by the Royal Institute of Chartered Surveyors.

Should you improve your home?

Committing to a home improvement can be a big decision and one which shouldn’t be taken lightly. Often it’s about timing, whether you’re looking to sell your property immediately or you think you’ll be moving on sometime soon.

Equally, if you’re settled in a property it can be a nice idea to make an upgrade, potentially increasing your quality of living for the remaining time that you spend there. It’s also worth bearing in mind that significant renovations can take time to build and you may have to put up with your home being a building site for a while.

Taking out a loan for a renovation

A personal loan from Hitachi Personal Finance could fund your dream home renovations and turn your most ambitious plans into reality.

If you’re accepted for a home improvement loan from Hitachi Personal Finance, funds could reach your bank account within 48 hours (excluding weekends and Bank Holidays), so you won’t have to wait long to make a start on the project you’ve been dreaming of. Whether that’s installing a new kitchen, adding an extension or converting a loft into a brand-new bedroom.

Remember to factor in those easy-to-forget costs when planning your project. Hiring a contractor and obtaining planning permission can increase the overall price, so it’s vital that you consider them when working out how much you’d like to borrow for your home improvement loan.

Home improvement loan details

  • Home improvement Loan range from £2,500 to £25,000 for a term of 2 to 5 years
  • 3.3% APR Representative* on personal loans between £7,500 and £25,000
  • Easy to complete online application process and an instant decision
  • Fixed monthly repayments
  • No arrangement fees
  • No Hidden fees

We believe in keeping things very simple, so there are no set up fees or hidden charges. But remember the rate you are offered may vary due to personal circumstances and loan amount.

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