Shawbrook Bank has strengthened its proposition for home improvement companies who want to provide finance options for their customers, with the acquisition of Money 2 Improve, one of the UK’s leading providers of home improvement finance facilities.
Shawbrook is a specialist savings and lending bank that launched in 2011 with a commitment to making it easier and more straightforward for businesses and individuals to borrow and save. The bank’s dedicated consumer lending team is already providing consumer finance facilities to a range of home improvement companies in the UK, including several large national brands as well as smaller, regional businesses.
Shawbrook is providing funds for many different types of products in the home improvement sector including replacement windows, conservatories, kitchens and bedrooms as well as heating systems and green products such as solar.
The acquisition of Money 2 Improve will support Shawbrook’s ambitions to significantly grow its share of the home improvement finance market, with a focus on personal, expert service, efficient processes and fast, sensible lending decisions.
Philip George, Managing Director of Shawbrook Bank said,
“The acquisition of Money 2 Improve is an exciting milestone in the growth of Shawbrook’s specialist consumer lending arm. The business is highly regarded in the home improvement finance sector, and by joining forces Shawbrook will be giving home improvement companies an expanded team made up of the best specialists in the business.
Nick McAuliffe, Managing Director, Consumer Lending said,
“I am delighted to welcome Julian and his experienced team to the fast expanding consumer lending business. We see the home improvement market evolving and for many companies finance is a vital part of their business model, many of our home improvement partners would prefer direct relationships with their lenders rather than having to work through intermediaries. Following the acquisition of Money 2 improve we can offer exactly that as well as local support, training and relationships from our nationwide sales team.
“We’re proud of the emphasis we place on giving our partners a personal service – where partners can always speak to our specialist team and fast decisions are based on common sense not rules.”
Julian Nutley, Consumer Lending Sales Director at Shawbrook Bank and founder of Money 2 Improve said,
“We have been working closely with Shawbrook Bank since it launched last year. The senior staff of Shawbrook and Money 2 Improve have had long standing relationships in the home improvement sector over the last twenty plus years. Our teams are dedicated to the market, and we are committed to offering our partners a service and products that really work for them.
“We’re excited about being part of Shawbrook’s ambitious team, and look forward to offering more home improvement companies the consumer finance facilities that will help them to expand and grow.”