Do I need to secure my home improvement loan on my home?

There are usually two types of home improvement loans, secured and unsecured. An unsecured home improvement loan is a personal loan which allows you to borrow money over a number of years, normally at a fixed rate of interest. A secured home improvement loan will mean the finance will be secured against your home or other asset and could allow you to borrow larger amounts as your home is collateral for the lender.

A Shawbrook home improvement loan is an unsecured personal loan.

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