Released on = May 7, 2007, 5:53 am

Press Release Author = Bernard Ethen

Industry = Financial

Press Release Summary = Loft conversions are leading to increased home value in the
UK these days

Press Release Body = London (loans11) 10 April 2007: Loft conversions are a recent
rage in the UK. The reasons are obvious: house value is increasing by £100,000 after
completion.

Figures show that a dormer loft conversion to a three-bedroom home would cost around
£25,000; however, if the homeowner were to sell the property, it could possibly
profit him ₤146,000.

Likewise, a loft conversion in the north-west stands at £22,080. However, upon
completion, it could augment the home value by £97,888.The west Midlands are no
different. It could add more than £100,000 to the property's value.

According to Richard Al-Dabbagh, Alliance & Leicester Senior Personal Loans Manager,
carrying out home improvements not only adds to the value of the house but also save
a whole lot of money.

He further adds: \"If you are looking to undertake a sizeable home improvement, there
will be a massive temptation to simply take out a further advance on your mortgage.
But a personal loan could represent a cheaper alternative for those who can afford
higher monthly repayments over the shorter term.\"

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit www.loans11.co.uk


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