Best Finance Options for Tradespeople

Who'll Find This Guide Handy

This one’s for UK tradespeople: plumbers, electricians, roofers, builders, heating engineers, and anyone in the business of making homes better. If you’re keen to make it easier for your customers to pay (and help your business win more jobs), keep reading.

What Are Finance Options, Then?

In simple terms, finance lets your customers spread the cost of a big job. Instead of paying all in one go, they chip in small amounts over several months or years. It’s a bit like splitting the bill at the pub, but for boilers, kitchens, or new bathrooms.

Why Bother Offering Finance?

Offering finance isn’t just about being nice. Here’s why it’s smart:

• More customers can afford your services – even big, expensive jobs.
• You get paid quicker (the finance company deals with collecting payments).
• Sets you apart from the competition—you’re the helpful one down the road.
• Makes those tricky sales conversations a bit easier.

How Finance for Tradespeople Works—No Nonsense

1. You sign up with a finance broker (like Kandoo—we do the hard bit for you).
2. Give your customer a quote as usual.
3. Customer chooses a finance option—these could be interest-free, low-interest, or longer-term deals.
4. Finance provider pays you quickly, so you can get on with the job.
5. Customer repays the finance company (not you), in manageable chunks.

No chasing payments. No awkward chats. Everyone’s happy.

A Real-Life Example

Let’s say you’re fitting a new boiler for £2,000. Your customer can’t pay all at once. You offer them a finance plan—say, £200 a month over 10 months (maybe with zero interest). They say yes, the finance provider stamps it all approved, and you get your money for the work upfront. Job done.

Decoding the Lingo: Finance Jargon Buster

• APR: The real cost of borrowing, shown as a yearly percentage. Lower is better.
• Interest-Free Credit: Your customer pays nothing extra. What they borrow is what they pay back.
• Deposit: The upfront bit your customer might pay. Sometimes zero, sometimes a set percentage.
• Soft Search: A quick check to see if your customer’s likely to be accepted, without impacting their credit score.
• Broker: Like Kandoo—matches your customer with the right finance provider.

Frequently Asked Questions

Q: Do I need a special licence to offer finance?
A: Most brokers (like us) help you sort the legal side. You might become an Introducer Appointed Representative. We keep it simple.

Q: What types of finance can I offer?
A: Anything from zero percent, low-interest, or longer-term repayment plans. We’ll talk you through what’s best for your customers.

Q: Will I have to chase payments?
A: No, the finance provider handles repayments. Your job’s done when the customer’s approved.

Q: Is it tricky to set up?
A: Not with the right partner. We get you started with minimal fuss. Usually just a few checks and you’re off.

Make Life Easier for You and Your Clients

Ready to make your business stand out? Want customers to say yes more often? Get in touch to see how Kandoo can help you offer straightforward finance—without the headache. Let’s make paying for home improvements as simple as the job itself.

Click here to get started or learn more.