Whatever the size of your DIY project, unless you have the money sitting in savings, you'll need to investigate how you can finance the project.

There are three main types of funding that are usually used for DIY projects of varying sizes;

1. Personal (non-secured) Loans
   
   A non-secured loan can usually be taken out for up to £15,000 over a maximum ten year period although this is depenedent on the lender and on your own personal circumstances.  One of the main benefits of this type of loan is that you do not have to have any equity in your property or secure the loan against your property, however, a personal non-secured loan is often charged at a higher percentage rate.
    
2. Personal (secured) Loans
   
   Secured loans are generally available up to a maximum of £25,000 over a maximum of 30 years, again circumstances dependent.  Secured loans mean that should you become unable to repay the loan for any reason then your property may be repossed.  As lenders have this security, the loan is often a lower percentage rate than a personal non-secured loan.
    
3. Remortgaging
   
   For some larger DIY projects such as sun rooms, conservatories and other large cost projects, remortgaging could be a good option.  If you have equity in your property then this can be used to fund such projects by remortgaging the property and releasing some of that equity.  A remortgage (as always, circumstances dependent) can be taken over a longer period of time and for any amount up to the highest percentage value of your property that the lender is willing to provide.  By remortgaging projects such as those mentioned above you may well add value to your property and this may be taken into consideration on your remortgage application.

Getbuilding.co.uk can not provide financial advice or recommendation and would always advise any users of the site to seek independent financial advice before committing to any contract for work or for finance.