Nemo Personal Finance: Bank holiday a good time to improve home
www.moneynews.co.uk > Nemo Personal Finance: Bank holiday a good time to improve home
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Nemo Personal Finance: Bank holiday a good time to improve home
Wed 23rd Aug 2006
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As moving house is more costly than ever before, more and more people are choosing to upgrade their properties rather than relocate.
Nemo has a wide range of secured loans available and homeowners can borrow up to £100,000 with a typical APR of 8.4 per cent.
Phil Jones, joint managing director of Nemo Personal Finance, said there were a number of reasons why DIY was on the increase.
"Home improvements can provide homeowners with an alternative to moving house if they need to accommodate a growing family, or if they simply want more space," he explained.
Nemo Personal Finance, a subsidiary of the Principality Building Society, celebrated its first birthday last week. The Cardiff-based company grew rapidly over the first 12 months and now has over 6,000 customers.
The high street provider paid out their first loan in February 2005 and since then the majority of its customers have borrowed in order to improve their properties.
