Brits seeking a loan to pay for a roof light to use in a loft conversion may find they can secure a low rate of interest after the Bank of Englands latest decision.
The Monetary Policy Committee, which is charged with keeping inflation in check, today (June 4th) decided to retain the current base rate of interest, meaning it will remain at 0.5 per cent until next month at the earliest.
A recent study by HSBC showed people who convert their loft stand to add an average of more than £13,000 to the value of their home.
Meanwhile, those taking out a loan for a conservatory could see upwards of £7,000 tacked on to their house price.
Royal Institution of Chartered Surveyors chief economist Simon Rubinsohn said the Banks decision was a good one for the economy.
"We are seeing a modest improvement in sentiment in the housing market and the service sector, as well as less negative news from the high street," he explained.
The expert suggested the Bank should continue to strive to keep loan rates low to make finance available to more people.