How to Offer Loft Conversion Finance

Why Offer Finance for Loft Conversions?

Providing finance options for loft conversions isn’t just a service—it's a strategic advantage for your business. By making your offerings more accessible, you tap into a broader customer base and help homeowners realise their dreams sooner. More than ever, UK homeowners seek flexible payment solutions for large investments like loft conversions.

“Finance isn’t about selling—it's about enabling dreams. With the right options, you turn 'maybe one day' into 'let’s do it now.'”

Key Benefits for Your Business

• Wider Appeal: Attract customers who may lack upfront cash.
• Higher Sales Values: Finance can enable larger projects or add-ons.
• Improved Cash Flow: You get paid sooner, while customers pay over time.
• Competitive Edge: Stand out from competitors who don’t offer finance.

Understanding the Regulations

Offering finance to your customers in the UK is regulated by the Financial Conduct Authority (FCA). Here’s what you need to know:

• Becoming an Appointed Representative: You don’t need your own FCA authorisation. Instead, partner with a finance broker (like Kandoo) who is fully authorised and can act as the principal.
• Compliance Documentation: You must provide customers clear, compliant pre-contract information.
• Advertising Rules: Promotions and advertisements about finance options must be accurate and fair.

Partnering with a Retail Finance Broker

A retail finance broker makes the process straightforward. Here’s how working with a broker like Kandoo benefits you:

Tip: Choose a broker who specialises in home improvement finance and understands the unique challenges of loft conversions.

Types of Finance You Can Offer

There are several types of finance products suitable for loft conversions:

1. Interest-Free Credit: Customers pay in equal installments over a set period, with no interest.
2. Interest-Bearing Credit: Longer payment terms, with agreed interest rates.
3. Buy Now, Pay Later: Customers can start the project now and pay after a set period.

"Many customers prefer spreading costs—even if they have the money—because it gives them financial flexibility."

The Customer Journey: How Finance Works

Walk your customers through a simple, transparent process:

1. Quote for Loft Conversion: Include finance options in your proposals.
2. Application Process: Customers apply securely online, often getting instant decisions.
3. Agreement & Documentation: Customers receive all legally required paperwork.
4. Project Start: You receive payment from the finance provider, typically within days.

Customer-Focused Communication

• Highlight finance options on your website and in your marketing.
• Train your team to explain finance simply and confidently.
• Provide FAQs and contact details for additional support.

Legal and Practical Considerations

Be transparent: Disclose all fees, terms, and obligations upfront.

Stay updated: Regulations change. Rely on your broker for the latest guidance.

Boosting Sales With Finance: Practical Tips

• Feature finance options in your advertising and social posts.
• Offer calculators so customers estimate payments easily.
• Ask for customer testimonials about how finance made their project possible.

:::callout
Ready to get started?
Speak to a finance broker like Kandoo, review your business plan, and prepare to grow your loft conversion business with flexible, customer-friendly finance solutions.
:::

Frequently Asked Questions

Do I need FCA authorisation to offer finance?
Not if you work with an authorised broker as an Appointed Representative.

What documents do I need to provide?
Your broker will supply compliant paperwork for customers.

Can customers be rejected for finance?
Yes—lender checks apply; work with your broker to support declined customers with alternatives.

Wrapping Up

Offering finance can unlock new business opportunities, help more homeowners transform their homes, and ensure your loft conversion services stand out in a competitive market. The right retail finance broker will guide you every step of the way—so you can focus on quality conversions while your customers enjoy flexible payment options.