Project: Financing a new, more practical Howdens kitchen in a long-term home
Background
Margaret and Peter had lived in their home for decades and wanted to update their old kitchen with a more practical Howdens layout. However, as retirees, they were cautious about spending a large lump sum of their savings, preferring to keep funds aside for future needs.
They were looking for a way to pay gradually for their new kitchen, instead of taking a big hit to their retirement pot.
Challenges
- Fixed retirement income made them careful about big, one-off expenses
- Reluctance to use a large chunk of savings all at once
- Desire for a good-quality Howdens kitchen suitable for long-term use
Solution
Margaret and Peter approached iConstruct Developments to understand their kitchen finance choices:
- iConstruct outlined what loan amounts and repayment terms might be suitable based on their circumstances.
- They completed an online finance application at home, at their own pace.
- They received a decision quickly, giving them clarity on what they could comfortably borrow.
- They opted for a repayment plan that fitted within their monthly budget, helping them keep their savings largely intact.
With the finance in place, they could proceed with purchasing the Howdens kitchen they had set their sights on.
Results
✔️ Margaret and Peter secured the Howdens kitchen upgrade they needed in their long-term home.
✔️ They protected their retirement savings by avoiding a single large outlay.
✔️ The cost was spread into affordable, predictable monthly payments.