LoanTube

Loft Conversion Finance

One, two and loft makes 3!
Make room for improvements – convert your loft into a bedroom!

Loans up to £35,000

Borrow for 12-84 months

Loans for homeowners and tenants

All about loft conversion loans

How does a loft conversion loan work?

Whether it’s a playroom or study for your growing family, or a space for friends who often crash at your place, loft conversion could give your home an edge to strike out. Get the financial support that you need to convert your attic/loft into a functional room with a loft conversion loan.

When you borrow via LoanTube, you won’t provide any collateral to secure a loft conversion loan. The offers that you see will be in-line with your financial circumstances and creditworthiness, to ensure that the repayments align with your budget.

What are the benefits of attic conversion loans?

Loft conversion can be a costly affair, both in terms of labour and materials. But, the right financial aid from LoanTube can take the weight off your shoulders. Spread your loft conversion costs into affordable monthly instalments and watch your home bloom!
Attic conversion comes with a range of benefits, including:

⦁ Increased living space;

⦁ Up to 21% boost in property value;

⦁ Energy-efficient space;

⦁ Budget-friendly home upgrade

How much will a loft conversion cost?

Most loft conversions start from £15,000 and can go as high as £50,000, but it all depends on your home and the type of changes you’re looking to make. Here’s an idea of the average loft conversion cost in the UK:

Conversion Type

Cost (Average)

Velux Conversion

 £15,000 – £20,000

Dormer Conversion

 £30,000 – £60,000

Hip-to-Gable Conversion

 £40,000 – £65,000

Mansard Conversion

 £45,000 – £75,000

Compare and find your ideal loft conversion loan at the click of a button. You can borrow up to £35,000 to help cover labour and material costs. Transform your attic into ‘the room with the best view’ with LoanTube.

If you’re unsure which type of conversion suits you best, consult with a specialist to get a quote before making a borrowing decision.

What to consider before borrowing a loft conversion loan?

Loft conversion brings about significant changes in your house. So, there are several things to consider before moving forward. Ask yourself these questions before planning your loft conversion:

• Is my house suitable for a loft conversion?
Checking the structural integrity of your house is the way to go. Loft conversions will add on the burden to your home. Therefore, it is crucial to check if the structure will withstand the changes. You must also ensure that the floor-to-ceiling distance of your loft is at least 2.2 m at the tallest part. If not, get a specialist on board for advice on the best work-around for the issue.

• What type of loft conversion suits my home the best?
Loan conversion costs vary from type to type. Get an idea about the ideal kind of conversion for your loft, considering all the costs involved.

• Do I need planning permission to go through with the conversion?
You’d be surprised to know that most homes in the UK inherently come with an allowance for permitted development. So, you may not need planning permission as long as the converted room doesn’t extend beyond the permitted area.

• What building regulations do I need to keep in mind?
Building regulations are different from planning permission. There are a set of guidelines that you’ll need to satisfy to go through with your loft conversion project – for instance, fire doors, safety stairs, etc. Take the help of a specialist to learn more about these regulations.

How much value will loft conversion add to my home?

A loft conversion can boost the value of your property by up to 20%. Your neighborhood also determines how much the market value of your property increases after loft conversion. For instance, a property with a converted loft in Central London, where there’s a higher demand for extra rooms, can boost your property’s value by a whopping £200,000.

How much can I borrow for a Loft Conversion?

Crunching numbers was never this easy – check your affordability at the click of a button. Secure your future by making an informed financial decision.

Loft Conversion loan calculator

What is the purpose of your loan ?
How much do you wish to borrow?
What repayment term would you like to choose ?

Representative Example

Loan Amount

£2,600

Loan Term

3 Years

Total repayment

£4,559.66

Monthly repayment

£126.66

RAPR

49.7%

Interest

41% p.a (fixed)

*The rate you get will depend on your individual, financial circumstances. Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Apply for loft conversion loan

Step 1

Specify a suitable loan amount and term.

Step 2

Let us get to know you a little.

Step 3

Compare offers to find a loan that fits your needs.

Why choose LoanTube?

You can’t put a price on happiness, but it doesn’t have to burn a hole in your pocket.

We've partnered with the best in the business

Offers from highly reputed FCA – certified lenders to help with your financial needs
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FAQ'S

Do I need to apply for planning permission for a loft conversion?

Homes usually come with pre-approval for permitted developments. So, as long as you adhere to the building regulations while converting your lift, you won’t require planning permission.

Will loft conversion affect my council tax?

Usually, a tax band change does not affect you until you’re residing at the property in question. A loft conversion will only affect your council tax when you move out of your home.

How long will a loft conversion project take?

It could take 4-5 months to convert your loft for a more extensive and large-scale project. However, if it’s a small scale project, it may take 12 weeks to complete it.

What is the maximum amount that I can borrow through LoanTube?

You can borrow up to £35,000 over 12-84 months with LoanTube.

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Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Credit subject to status & affordability assessment by Lenders.

LoanTube is a credit broker and not a lender.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

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