Brendan, thank you for your response.
I would like to further explain my and my husband’s position to give you a clearer idea of my situation.
When I said home improvements what I should have made clear is that this would be vital work needed to be done to return my home to good repair, (full rewiring, and a 30 *10 ft leaking roof, new guttering because the rain coming down is causing significant damage, both upstairs and down. ) It would seem to me money well spent to prevent further deterioration of my home.
We are both about 10 years before retirement age. I feel the chances of getting a loan would lessen as the years move on and with the financial place we’re both in at the moment we could pay this loan of 20k-25k up quite quickly.
Also when I said I had financial commitments for the next few years is because my husband is completing a college course which is he is obliged to do because of his work. This will yield a significantly higher income within three years.
So what I had in mind was getting this loan now, when I have a break from paying a larger mortgage, to basically get the house fixed up so we can live safely in it for the future .
Both my husband and myself will have secure pensions so long term honouring of our mortgage commitment to KCB will not be an issue.
I would appreciate your further thoughts.