Secured loans for DIY projects

Wed, 23 Mar 2005

Secured loans will help thousands of Brits take on DIY projects this Easter.

The long weekend will see homeowners taking on a range of tasks from painting to more ambitious projects.

Research by Alliance & Leicester found that more and more people were prepared to invest in their homes.

Stephen Leonard, director of mortgages at Alliance & Leicester explained: "What is interesting with our latest findings is that while people are preparing to invest money on their homes, it seems they are acting shrewdly by opting to spend more on cosmetic or outward appearances rather than undertaking costly improvements, such as new kitchens or bathrooms."

Separate research has warned that many people don't cover themselves for DIY accidents.

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