Beginner's Guide to Offering Finance on Home Renovation

Who Will Find This Guide Useful

Whether you’re a homeowner eyeing that dream extension or a trades professional looking to make your services more accessible, this guide is for you. We’ll keep things simple, friendly, and totally jargon-free.

Let’s Break It Down: What Does "Offering Finance" Mean?

Put simply, offering finance means giving customers the option to split the cost of their home renovation over affordable monthly payments, instead of paying it all up front. Think of it like buying a sofa on finance, but for your kitchen refit or bathroom makeover.

Why Should Anyone Bother With Finance?

Offering finance brings benefits for both sides:

• For homeowners: Renovations feel less overwhelming when you don’t have to cover costs in one go. That means those bigger or better projects are suddenly within reach!
• For tradespeople: More customers can say “yes” to a project, because affordability isn’t a stumbling block. That means more business and happier clients.

In short, finance makes dreams possible.

How Does it Work? (No Puzzling Small Print)

Here’s what the typical process looks like:

1. Find a finance provider — A broker like Kandoo helps you connect with lenders offering renovation finance.
2. Apply for finance — Homeowners (or the business on their behalf) fill in a simple application, often online.
3. Choose your plan — Pick flexible terms that fit your budget: short or long repayment options, sometimes with interest-free deals.
4. Get approval fast — Decisions are usually quick, with clear, upfront costs.
5. Start your renovation! — Funds are paid directly to the business or the homeowner, and work can begin.

Bringing It Home: A Real-Life Example

Imagine Sarah, who wants a new kitchen but balks at the upfront price tag. By opting for a finance plan with her installer (thanks to a Kandoo partner), Sarah spreads payments over 36 months. She gets her dream kitchen straight away—and her installer wins the job over a competitor who only takes payment in full.

Jargon Buster: What the Words Really Mean

TermWhat It MeansFinance BrokerConnects you to multiple lenders offering finance dealsAPRThe interest rate for finance (stands for Annual Percentage Rate)FCA RegulatedApproved by the Financial Conduct Authority for your protectionEligibility CheckA quick check to see if you can be approved (often doesn’t hurt your credit score)

Frequently Asked Questions

Is it safe to use finance for home renovations?

Absolutely, as long as you use FCA-regulated providers like those you’re introduced to by a reputable broker.

Do I need a perfect credit score?

Not always—many providers offer options for a range of credit histories. It’s always worth checking.

Can I pay off my finance plan early?

Usually yes, and sometimes without penalty. Read your terms to be sure.

Ready to Learn More Or Get Started?

Intrigued by the possibilities? Visit Kandoo’s website to see how easy offering or applying for finance on home renovations can be. Your next big project could start today!