Secured loans can secure your property
17/10/2007Homeowners are willing to spend around £8,500 on their property to make it secure, according to a new study.
The survey, conducted by Alliance & Leicester Personal Loans, revealed that around 68 percent of people would consider a top-of-the-range security system and over half of those asked would be prepared to install CCTV cameras.
It was found that these items as part of a full home security package, which also included perimeter protection and window bars, could cost an estimated £8,520 - a figure that could be made more affordable with secured loans.
Commenting on the research Richard Al-Dabbagh, senior personal loans manager at Alliance & Leicester, said that it was natural for people to protect their homes and that often a good security system can be enough to deter would be burglars.
"By spending around £8,500, the majority of homes could have a level of security that would deter many would-be burglars," he said.
For many people the cost of home security can be expensive and the research noted that one option to reduce the burden is with a loan. Secured loans can be a great option for some as they often offer more competitive rates than traditional loans.
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