Finance Services

Shawbrook is a British savings and lending bank that combines traditional banking values with a modern approach. They give their customers straightforward, no-nonsense alternative to the high street.

Shawbrook’s finance team works with many national and regional home improvements retailers, to offer their finance services to their customers. Their human approach to lending ensures that their customers and retailers have a friendly team on hand to speak to. The customer finance team has a wealth of experience and truly understand what is important to its customers and the retailers that Shawbrook works with.

Shawbrook’s promise to you

Your satisfaction is their key priority. This is why they offer finance services that are flexible to your needs and puts you in control.

• Settle Early
  You can repay your loan in full at any time with a small early settlement charge (no more than two months interest on the outstanding balance).
• Additional payment
  Although your commitment is to a minimum monthly repayment, you can make extra payments as and when you please, reducing the length of your loan and the interest you pay.
• Reducing balance of Loan
  Interest is charged on the outstanding balance only. So increasing your payments reduce the interest you would otherwise pay.
• Low Deposit
  When paying in cash, customers can be required to pay around 25% deposit in cash and pay in full on the completion of works. By taking out one of our home improvement plans, deposits are usually significantly lower, which means you can keep your hard-earned savings working for you.

Peace of mind

Under the loan agreement, the consumer credit protection act ensures that the lender is also liable for safeguarding any deposit and upholding the guarantee issued by Britelite Windows. In summary, by taking advantage of the Britelite home improvement plan, instead of paying cash, you are doubly protected should anything go wrong.

What happens next?

1. Once we have received your completed and signed documentation, subject to status, you will receive a letter from Shawbrook confirming the acceptance of your application.
2. A Britelite surveyor will contact you to arrange the technical survey for your home improvement.
3. Following the installation of your product all you need to do is sign our satisfaction form and your account will be opened for you.
4. Your minimum monthly payment will be taken by monthly Direct Debit, one month later.
5. You can control the length of the loan and interest charged.
6. You may settle the loan in full at any time with a small early settlement charge, please give Shawbrook a call first to obtain your settlement figure.

Representative Examples

5 Year Finance Plan APR 8.6% £5,000 cash price minus £100 deposit 60 equal payments £100.06pm Total payable £6,103.60 total interest £1103.60	10 Year Finance Plan APR 8.6% £5,000 cash price minus £100 deposit 120 equal payments of £60.231pm Total payable £7327.60 total interest £2327.60
5 Year Finance Plan APR 8.6% £12,000 cash price minus 10% deposit of £1,200 60 equal payment of £220.54pm Total payable £14,432.40 total interest £2,432.40	10 Year Finance Plan APR 8.6% £12,000 cash price minus 10% deposit of £1,200 120 equal payments of £132.75 Total payable £15,930 total interest £5130.00

Buy now pay later

Cash price £5,000 minus 10% deposit of £500
If you repay the loan amount within 12 months of the installation then no interest will be payable. APR 0%
120 equal payments of £79.39 twelve months after installation
Total payable £10,026.80 total interest £5,026.80 APR 14.9% variable.

Cash Price £12,000 minus 10% Deposit of £1,200
If you repay the loan amount within 12 months of the installation then no interest will be payable. APR 0%
120 equal payments of £190.50 twelve months after installation
Total Payable £24,060 total interest £12,060

Important information

Please be aware that interest is charged from the date the account is opened. Future rates may vary. There is a document fee payable which is spread over the term of the loan. Further details and full terms and conditions can be found on your finance agreement. It is important to read all your documentation and understand the details and costs associated with taking advantage of the finance services.

Authorised and regulated by the Financial Conduct Authority.

Information correct in September 2016