20 April 2005
In light of statistics that suggest furnishing a new home can cost as much as £8,000, homeowners have been reminded that a low cost personal loan is often the best way to make a home out of their new property.
A new study by Halifax Estate Agents states the three categories of household item purchased by new homeowners - 'essentials', 'nice to haves' and 'total luxuries', can be bought for £3,751, £2,277 and £2,165, respectively.
Financial expert Colin Kemp said: "As a general rule when you move into a new house you need something to sleep on, something to sit on, basic cooking and washing facilities and something to eat from.
"Beyond that, if you are on a tight budget, it could be argued that everything else is a luxury. But most people want their new home to look and feel great from day one and so the list of 'essentials' tends to grow substantially."
If you are thinking of paying for these 'essentials' with a credit card it could be better to go online and look for a comparatively more competitive loan deal.
Compare all UK personal loans at uSwitch.com and find the one to suit your needs.
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