Having a roof over your head offers both safety and comfort. It is a sign that you have a home and you are home. Sadly, even if you take all the necessary precautions and extra care, there will come a time that your roof will need repairs and service.
While roof repairs are an expected part of homeownership, it might be a bit of a challenge to finance for these repairs, especially if it is a serious and large-scale operation.
Do roofing companies offer financing in UK?
Contractor Financing for Roofing Services
Many roofing companies today offer their own financing that comes in the form of payment plans with interest charges. As expected, the specific rates and terms will vary depending on the roofing contractor as well as your credit score. However, most roofers already have existing relationships with different lending companies. This allows them to offer their clients with interest-free periods or special deals.
It is relatively quick and simple to apply for financing through a roofing company. This often involves a simple credit score check done over the phone. You might want to inquire if the roofing company is a part of the regional or local trade association. Doing so will give you the assurance that they adhere to all the national and local guidelines and regulations.
The biggest risk associated with financing through a roofing company in the UK is none other than the interest rates involved. Make sure you pay extra attention to the specific details and terms. If there is a set interest-free period, don’t forget to ask how much the interest rate is going to be once this period ends. If the interest rate is too high, you might end up paying more than what you have bargained for and what your budget can afford.
Why Work with a Roofing Company That Offers Financing?
Many roofing companies work on direct financing principle. They offer the rates, terms, and other perks you cannot get from a bank. The company will be the one to partner with the bank or other financial institutions to offer the financing.
There are also instances when they provide the loans themselves. It saves you from the trouble of having to look for a lender on your own who can finance your roofing project. The roofing company will be the one to do it on your behalf.
Reliable roofing contractors work with financing partners that will be able to help you manage the expenses according to your budget and the cost of roof replacement or repair. It is also worthy to note that the benefits of contractor financing often those of direct-lender financing. Most services including flat roofing, guttering and commercial roofing are also included in the financing options.
The financing that roofing companies offer also often include promos that can beat those of banks and lenders. They usually get special interest rates from banks or credit units due to volume lending. These benefits are then passed on to their clients.
With the help of the financing options offered by roofing companies, you can get your roofing worries fixed in no time.