Financing Your Summerhouse

At Chelsea Summerhouses we believe that everyone deserves to own their dream summerhouse or garden room.  That’s why we have partnered with Hitachi Capital, one of the worlds largest consumer credit providers, to offer our customers a range of tailored finance options. The process is simple and we aim to process your application within 24-hours. It’s probably less than you think to own one of the World’s Finest Summerhouses. We require a 25% deposit upon order then you have the option of paying a set monthly installment or deferring the outstanding balance amount for up to 1 year.

 

Buy Now Pay Later

Need just a little more time to get your finances together? Rather keep the money in your own bank a while longer? Then our Buy Now Pay Later (BNPL) option from Hitachi Capital could be for you.

BNPL allows you to defer the outstanding balance for up to 1 year, from the installation date of your summerhouse. This is a good option if you are certain that you can pay off the outstanding balance within the set term.

How does BNPL work?

With the BNPL finance option you pay a minimum deposit amount of 25%, then the outstanding balance is deferred for 12 months from the installation date of your garden room.

Are there any interest or fees?

The BNPL option carries an admin fee, otherwise known as an ‘exit’ fee, of £29. This is applied by Hitachi and added to the outstanding balance.

As long as you pay off the outstanding balance in full within 12 months from your installation date there will be no interest to pay. However if you allow the term to lapse without paying off the balance then the interest that would have been accrued during the 12 month deferral period will be applied to the loan amount at rate of 19.9% APR. The remainder of the balance will then default to a loan with an interest rate calculated at 19.9% APR representative over a term of 120 months.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Hitachi to e-sign the relevant documents.

Representative Example:

Cash price £6,500.00
20% Deposit £1,625.00
Outstanding Balance £4,875.00
BNPL option allows the balance to be deferred for 1 year from the installation date. An ‘exit fee’ of £29 is applied by Hitachi.  
Total outstanding balance £4,875.00

 

Interest Bearing Credit

Our interest bearing credit option (IBC) is the most cost effective way to purchase your Chelsea Summerhouse. With the ability to spread the cost over 60 months, and with no hidden fees or overpayment charges, it puts you in control of your monthly spending and allows you to choose the right term to suit your budget.  

How does IBC work?

With the IBC finance option you pay a minimum deposit amount of 25%, then choose a repayment period to suit you and your budget. Before applying we can show you a representative example of the monthly payment amounts for the various terms on offer.

What is the interest rate you offer?

We are able to offer our IBC option at a competitive rate of 4.9% APR representative. The average credit APR in the UK is around 12%. Interest is calculated daily on your outstanding balance. This means that you’re in control of the term of your loan and the total interest payable. Additional payments will reduce the term, and therefore, the total amount of interest paid.un its full term.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Hitachi to e-sign the relevant documents.

Representative Example

Cash price £6,500.00
20% Deposit £1,625.00
Outstanding Balance £4,875.00
IBC finance over 60 months (representative example only)
   
Monthly repayments £99.26
Total repayable £5,535.60
Total cost of interest £660
   

Available subject to status, written details available upon request.

Credit is subject to application and status.  Chelsea Summerhouses is a credit Broker for the purpose of introducing the credit provided by Hitachi Personal Finance, a trading style of Hitachi Capital (UK) PLC (Register no. 704348). Both are authorised and regulated by the Financial Conduct Authority.