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Home improvement loans 'up 20%'

Updated on 02 August 2008

Source PA News

Lloyds TSB has said it had seen a near 20% jump in the number of people looking to borrow money to improve their home.

The bank said personal loan applications for home improvement work were 19% higher during the first six months of the year than they had been during the same period of 2007.

Research carried out by the group also found half of estate agents reported seeing an increase in the number of people taking their home off the market in order to carry out improvements.

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