Alliance & Leicester Personal Loans: TV inspires DIY enthusiasts

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Alliance & Leicester Personal Loans: TV inspires DIY enthusiasts

Alliance & Leicester Personal Loans has found that the proliferation of DIY and property programmes on TV has inspired the nation to pick up a sledgehammer and have a go themselves.

It also discovered that UK residents estimate that it will cost them an average of £11,833 to bring their home up to the standard they desire.

Redecorating rooms topped the list of the most sought-after home improvement, followed by a new bathroom suite and new flooring.

Meanwhile, the bank states that a loft conversion and a re-fitted kitchen are the improvements most likely to add value to a property.

Richard Al-Dabbagh, head of personal loans at Alliance & Leicester, said: "Home improvements should make properties desirable, not only for homeowners while they are living in the house, but also for when they choose to make the most of the investment of time and money and sell."

In related news, recent research from MoneyExpert.com revealed that average rates on unsecured loans of £5,000 and £7,500 have increased by up to one per cent in the last six months.
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