In an exciting development, Novuna Consumer Finance, a prominent retail point of sale provider in the UK, has formed a strategic alliance with Victoria Plum, a prominent online bathroom and kitchen retailer based here in Doncaster. This partnership is set to significantly broaden the scope of credit choices available to customers, enhancing their ability to revitalise their living spaces.
Homeowners embarking on home improvements with Victoria Plum now have the opportunity to access credit of up to £50,000, spread over a maximum span of five years. This innovative collaboration allows for the seamless distribution of costs associated with the creation of new bathrooms or kitchens.
The synergy between Novuna’s financial offerings and Victoria Plum’s design and installation service will enable consumers to choose from an array of financial products. These encompass both interest-free and interest-bearing alternatives, as well as enticing buy now, pay later plans. By integrating these options, Victoria Plum ensures that its clientele can materialise their bespoke kitchen or bathroom transformation.
Novuna’s trailblazing soft search and tailoring functionality promises to revolutionise the retail landscape further. The soft search feature swiftly confirms the eligibility of customers for their desired credit options, with unparalleled precision. This preliminary step eliminates any potential impact on their credit rating prior to progressing with the full application process.
Furthermore, the distinctive attributes of Novuna’s max loan and tailoring functionality empower retailers like Victoria Plum to collaborate with customers and tailor loan amounts and repayment terms to suit individual circumstances. This transparency at the outset enables customers to meticulously budget for their dream home improvement project. With enhanced flexibility encompassing terms, deposits, and loan sizes, retailers can design payment plans aligned with diverse lifestyles. This approach extends access to financing across a broader customer base, simultaneously minimising the rate of declined applications.
Brian Flesk, Head of Retail at Novuna Consumer Finance, expressed enthusiasm about the collaboration, stating, “We’re thrilled to be partnering with Victoria Plum as one of our esteemed retail collaborators. Our distinctive point of sale finance solution will facilitate Victoria Plum in crafting tailored financial arrangements for each customer seeking to elevate their bathroom and kitchen experiences.”
Jon Crook, Trading Director at Victoria Plum, affirmed the significance of the partnership, explaining, “Our collaboration with Novuna empowers our customers to seamlessly manage the costs of their new bathroom investments. The comprehensive suite of finance options that we can now present, following the seamless integration and launch of Novuna’s credit system, streamlines the purchasing journey. This holds true for customers purchasing products online or embarking on a comprehensive bathroom remodelling journey with our full design and installation service.”
The dynamic partnership between Victoria Plum and Novuna exemplifies a pioneering approach to offering consumers the financial freedom and flexibility to pursue their home enhancement aspirations.
Based in Armthorpe, George Viola is the Senior Editor at City of Doncaster News. Previously he has worked for The Huffington Post.
