Home improvement loans remain popular, says survey
Home improvement loans are still popular during the recession, according to the AA.
Research by the AA has found that home improvement loans have remained popular despite the recession, as many people look to work on their properties rather than selling them.A survey by AA Personal Loans found that one-quarter of homes in the UK are set to increase in size before the end of the recession as nearly five million people have decided against selling their home.
Furthermore, six million people said they will definitely be renovating their property in the next 12 months.
Mark Huggins, head of AA Personal Loans, said: "Although many would expect demand for home improvement loans to be less during the recession, our figures show that their popularity is actually unchanged."
Recent research by Sainsbury's Bank discovered that many people in the UK are considering doing home improvement work themselves, rather than paying for professional plumbers or tradesmen, in a bid to save money.
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