The big question discusses the merits for and against extending the lease on a property.

Home improvement loan

Ifraz Mugal, 35,carried out significant home improvements to his two-bedroom flat using a personal loan.

The flat, in Preston Park, Brighton, suited him perfectly when he moved in three months ago – it’s also close to his children’s school. However, it became apparent that the developers had cut corners in some areas, and rather than move out, Ifraz decided to apply for a loan and carry out the necessary repair and decoration work.

"The shower unit was glorious with stone tiles and the latest shower-head but unfortunately the plumbing had not been secured correctly," he explains. "The end result was that the shower sprayed water into the wall hence causing damage in the bathroom and the hall."