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DIY-ers urged to put all their eggs in one basket this Easter

Grandma may have said "never put all your eggs in one basket" but with Easter looming – and the four day weekend now being more commonly associated with DIY rather than chocolate eggs, religion and bunnies – homeowners are being urged to ignore Grandma’s advice.

The Easter Bank Holiday heralds the start of DIY mania, with millions of homeowners shelling out literally billions of pounds on paint, furnishings, decking, conservatories, plants, paving and such like*.

However, these home improvements don't come cheap. While the majority of homeowners would be most likely to use existing savings or income to fund their home improvements, around 15% of DIY-ers would opt to borrow money** to fund their project.

John Sexton from secured loan broking site www.PolarLoans.co.uk comments: "Rather than running up an overdraft, credit card debts, or taking store credit, by putting all your eggs in one basket and taking out a loan in order to pay for DIY projects could work out a lot cheaper."

Loans offered by PolarLoans include personal, secured, car, home improvement and poor credit, and on certain loans, successful applicants can enjoy the first 5 months’ of their loan payment free***.

And from now until the 27 April 2005, all visitors to PolarLoans stand a chance of winning £150 worth of DIY vouchers – just perfect for the new DIY season!

The site can be visited at
www.PolarLoans.co.uk or on freephone 0800 107 6628.

Editors’ Notes:

The prize draw runs from 16 March – 27 April 2005 inclusive and is open to anyone aged 18 or over. No purchase is necessary. Full terms and conditions can be viewed at:
www.PolarLoans.co.uk/diy/

* 11 million people will spend a total of £57 billion on renovating their home in the next six-month period

* £4 bn of that spending will come from personal loans.
* Other sources of income for DIY spending include £3.52bn on credit cards, and £2.84bn with remortgaging
* Women are the biggest spenders on DIY, planning to spend a £26 bn - around £1.76bn more than men. (Source: Sainsbury's Bank's recent Home Improvement Index)

** Research showed that the majority of homeowners (75%) were most likely to use existing savings or income to fund their home improvements, with 15% opting to borrow the money - with a personal loan for example. 11% considered remortgaging. (Source: The MarketPlace at Bradford & Bingley report April 2004)

*** This applies to certain loan products only and not to all loans offered through the site. Where the payment holiday is applicable, the first loan payment can be made up to five months after the loan has been issued.

When you borrow money, look no further than Polar Loans. You can borrow anything from £3,000 to £75,000. No Tenants Please.

Our most popular loans are:

Secured Loans Home Improvement Loans Debt Consolidation Loans Homeowner Loans

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