Industry leaders launch ‘game changing’ finance package
Posted on 22/03/2016
Leads2trade, the UK’s number one home improvement lead generation business, has teamed up with retail finance group OmniCapital to offer its members a new finance deal that has been dubbed as ‘game changing’.
OmniCapital is well-known in the financial services sector, having been the finance arm for retails giants such as Currys and Jessops.
Leads2trade’s army of home improvement companies will now have a competitive edge over other firms as they are able to close deals more easily and push through previously stalled projects.
Finance for some home improvement products such as solar panels has also been squeezed recently, following cuts in government subsidy; and difficult economic times have often made it not financially viable for consumers to pay outright for home improvements they want carried out.
This new finance package from Leads2trade alleviates both problems and also puts smaller businesses and tradesman on a level playing field, as they may have otherwise been pushed out of the equation by the industry giants.
Omni Capital Home Improvement Finance is an innovative platform as it offers a paperless e-signature credit application process that makes it much easier and faster to complete a finance order.
There are several finance options available including 60 months 0% representative and up to 84 months terms on interest bearing loans. The whole process ensures compliance and is frictionless for a consumer.
It is also a multi-channel solution, enabling installers to offer credit in-store, online and via email via one platform. Fully integrated, the platform can also offer real time sales reporting and account management; and automated management of credit applications, which reduces admin costs and ensures a slick customer experience.
Andy Royle, Director at Leads2trade, also says that Omnicapital finance packages have a high acceptance ration and offer competitive rates, with a wide range of finance options from six to sixty moths.
Andy comments: “This is an exciting package for the home improvement industry and will help our members to grow their top line sales. It is a package that can be used online or in a showroom or home and with an e-signature option you will typically benefit from a fast application process, unrivalled by any competing solution.”
To become an alternative lender, companies need to have a Consumer Credit License; and for those that don’t Leads2trade can work them with to become registered and financially compliant.
Leads2trade will also offer training, so its member can use this solution effectively and benefit from options such as the finance calculator and integrated email credit scoring and acceptance platforms.
“Over the years we have launched new services and innovations to benefit our customers, and this consumer finance package is another way we are helping installers win more business in the home improvement market,” Andy concludes.