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Easy Finance

Spread the Cost of Your Leather Furniture – Easy Payment Options

Whether you want to purchase one of our beautiful Chesterfield leather sofas or a comfy armchair, we now offer an easy monthly payment plan.
To help you choose the right option for you, here is some more information on our finance options. For more details, please give us a call on 01443 771333.

How does it work?

We know that buying a sofa is a big investment so we want to make sure that paying on finance is as easy as possible. You can choose from our flexible repayment options to spread the cost over 24, 36 or 48 months, with an interest rate of just 15.9% APR.

Step 1:
Choose the product you want to purchase and calculate your finance option on the product page.

Step 2:
Give us a call on 01443 771333 to apply for one of our monthly payment plans.

Ready to shop?

Shop our leather sofa collection and find the right one for you.

Finance Example:

  • Order Total £700
  • 10% desposit payable £70
  • Loan amount £630
  • 24 monthly payments of £30.50
  • Total Charge for credit £102.00
  • Total amount payable £802.00
  • APR 15.9% (Typical)

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Frequently Asked Questions

Who is eligible to apply for finance?

Finance is available on orders of £300 or more. This amount includes any additional services and delivery options.

You’ll need to be:

  • 18 years or older.
  • A UK resident for 3 years or more/Permanent UK resident.
  • Able to make regular repayments by Direct Debit.
  • In regular employment (minimum of 16 hours per week) including self-employment, or in a permanent residence with your spouse/partner who’s in regular employment*
  • Have a debit card or credit card in your name and registered to your address and have a bank or building society current account.

Other conditions may apply and we cannot guarantee that your application will be accepted.

* If you are retired and receive a pension, or registered disabled and unable to work, V12 Retail Finance may ask for proof of sufficient income.

How long will it take to apply?

You should get an instant answer on whether your application for finance has been successful. In some cases, V12, our 3rd party financial services provider, will need to look at the application in more detail before making their decision.

What do I need to apply?

If you’d like to apply for our finance option, please give us a call on 01443 771333 and we’ll take all your details.

If your application is successful, you may be asked to verify your identity by authorising a 50p transaction against a credit or debit card that you own. This helps protect you and us against fraudulent finance contracts. No money will be taken from your card; the details are only used to check that they are valid and registered to your address.

Will I be credit checked?

Yes – when you apply for finance, the lender will run a credit check on your financial history to see if you are a suitable candidate for finance. This means that this search will show on your credit report.

What happens if my application is turned down?

There may be a number of reasons why your application may not be accepted, including wrong information or not meeting the specified requirements. Please note that other conditions may apply and we cannot guarantee that your application will be accepted.

If your application isn’t successful, you can still purchase the item in full with a valid credit or debit card. If your application is declined, it’s usually for one of the following reasons:

  • you do not meet the eligibility criteria;
  • adverse credit reference agency information;
  • your credit score;
  • you are considered to be overcommitted financially; or
  • your existing account performance with other lenders.

If you wish to appeal the decision made by the lender, it’s advised you obtain an up to date copy of your credit report before appealing to them directly. Due to data protection, all customer appeals must be made in writing to underwriting@v12finance.com or for more advice, call V12 on 02920 468916.

About V12 – our 3rd party finance providers

We’ve teamed up with V12 Retail Finance to offer you a flexible and affordable option to pay on finance. If your application is successful, you will enter into a Credit Agreement with Secure Trust Bank PLC trading as V12 Retail Finance.

V12 Retail Finance Limited is authorised and regulated by the Financial Conduct Authority under registration number 679653 and acts as a credit broker for Secure Trust Bank PLC. Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 204550.

V12 Retail Finance is a trading name of Secure Trust Bank PLC.

Financing Terms and Conditions

The finance option with a 24 month loan period requires a £300 minimum order value with a 10% minimum deposit with a 15.9% APR (Typical). The finance option for 36 month and 48 month loan period is available on orders over £1,200 with a 15.9% APR (Typical).

If your application is successful, you may be asked to verify your identity by authorising a 50p transaction against a credit or debit card that you own. This helps protect you and us against fraudulent finance contracts. No money will be taken from your card, the details are only used to check that they are valid and registered to your address.

To be eligible to apply for finance, you must be 18 or older, in regular employment and have been a UK resident for more than 3 years. Other conditions may apply and we cannot guarantee that your application will be accepted. We will not start making your product until the application has been completed and approved. We reserve the right to withdraw finance on certain products at any time. Our finance options are provided through the credit broker – V12 Retail Finance Limited. If successful the customer will enter into a credit agreement with either Secure Trust Bank PLC trading as V12 Retail Finance. Should you cancel your credit agreement and have already received products from us, then you will be liable to pay us in full for the product (unless your cancellation rights apply).

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© Thomas Lloyd 2020, Abergorki Industrial Estate, Treorchy, CF42 6DL Company Number: 01438380, Registered in England and Wales | Part of the SofaSofa Group

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