Paying for your dream kitchen should be as easy as possible, whether you want to pay it off in one lump sum or spread the cost over several years.
*Minimum spend, minimum deposit and eligibility criteria apply. Magnet Limited is authorised and regulated by the Financial Conduct Authority. We are a credit broker, not a lender – credit is subject to status and affordability, and is provided by Mitsubishi HC Capital UK PLC. We reserve the right to withdraw or alter this offer at any time without prior notice. Terms & Conditions Apply.
Spread the cost of your kitchen over 2 years, with 0% finance and no minimum spend. Or, choose our 3-year 0% finance option when you spend £15,000. To qualify for interest-free credit, the furniture value element of your order should be no less than 50% of the total order value, and delivery taken within 6 months.
4.9% APR Representative
Bring your dream kitchen to life with a monthly payment plan that works for you, and spread the cost of your new kitchen over 6 years. Available on all of our ranges.
For kitchens up to £5,000, we ask for a minimum deposit of £500. For kitchens costing £5,000 and over, it’s a 10% deposit. And because we understand that circumstances can change, you can make additional monthly payments, an early partial settlement, or an early full settlement if you prefer. For more information, use the V12 Retail Finance App or contact V12 Retail Finance.
11.9% APR Representative
Spread the cost with buy now pay later finance available online and in-store.
• Buy now pay later with a 12 month non-payment period.
• Then, our buy now pay later finance option allows you to spread the cost of your purchase over a total term of 72 months which includes a 12 month non-payment period.
• If you choose to exercise the option to settle the amount of credit in full before the end of the non-payment period you will not pay any interest.
• If you choose not to settle in full by the end of the non-payment period, the amount of credit remaining will be spread across the remaining term of 60 months with interest charged at a representative APR of 11.9%. You will pay interest on the amount of credit that remains unpaid and interest will be charged from the date we told you the agreement was live.
• Only available to UK residents over 18, subject to terms and conditions, minimum spend applies.
If you’d prefer to pay upfront for your new kitchen, we’ll simply take a nominal deposit to place your order and then you’ll clear the remaining balance before your kitchen delivery date.
How it works
When you’re ready to place your order, we’ll take your deposit payment. For kitchens up to £5,000, we ask for a minimum deposit of £500. For kitchens costing £5,000 and over, it’s a 10% deposit.
Then, the remainder of your balance will be due 28 days prior to your kitchen delivery date, or 35 days prior if you've opted for a paint-to-order range. You can choose to pay by card either through your Magnet designer or online via your My Project account.
V12 Retail Finance is the company behind Magnet’s kitchen finance options. Find V12's eligibility criteria here.
On the date of your application, you must:
For information, the credit check carried out will consider additional information relating to the performance of previous existing commitments and any county court judgments.
This is subject to application, financial circumstances and borrowing history.
Applying for kitchen finance couldn’t be easier or more convenient. Our staff will guide you through the application from start to finish. The entire process is secure and straightforward, and in most cases, you’ll receive a decision within minutes.
Once your finance application has been approved, you will receive an email inviting you to complete the application and e-sign your agreement.
You should read the agreement carefully, clicking the relevant sections before agreeing to the terms. You will be able to download your agreement once you have signed it.
Note that products will not be allocated to your order until your completed and signed agreement is returned and received by V12 Retail Finance. Shipment of your goods will follow soon after your agreement has been returned and received.
Yes, please call our Customer Service team on 0344 375 5500 to discuss this in further detail.
Customers can change their payment date once they have received their welcome documents.
Yes, customers can make additional payments at any time free of charge.
The quickest and easiest way to view your balance is to register for the V12 Retail Finance app. Using the app will allow you to monitor your balance and manage your agreement. Register for the app at the end of the application.
Payments will begin one month after the goods have been despatched.
To apply for finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer finance to residents of Eire. Homemakers aren’t excluded from applying under their own names; however, the employment details of your spouse / partner will be required in order to process your application.
No. There are no arrangement fees or hidden extras.
Applying for finance couldn’t be easier or more convenient. When you buy from us you have the choice of using finance and our staff will talk you through what is needed to process an application.
The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.
Please read the agreement carefully checking that all the details are correct, then electronically sign the agreement or print.
Following receipt of your finance agreement and a few additional checks, your purchase can proceed.
Most finance decisions are made within seconds. Once you are approved, we will contact you (during working hours) to finalise your purchase. If your application referred, V12 Retail Finance will review your application and may request additional information. If V12 Retail Finance require additional information, they will contact you directly by email.
As soon as your application has been approved, you will receive an email to complete your application by e-signing the agreement.
Make sure you give yourself enough time to carefully read all the details provided by V12 Retail Finance.
Once you have e-signed the agreement, you will have the opportunity to download the agreement for your own records. You will also be invited to register for the V12 Retail Finance app, which will allow you to manage your agreement in the future.
Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.
This information allows consistent decisions to be provided, ensuring all applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.
In addition to credit scoring, V12 Retail Finance also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though V12 is unable to provide you with a main reason for declining your application, it is usually based on one, or a combination of the following:
Some of the information is public information, for example electoral roll, County Court Judgments and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.
Send a request to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:
Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF
Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ
The above listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.
Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest however, that you leave at least 6 months between applications.
The ‘rate of interest’ is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges. The ‘APR’ is a broader measure of the cost of borrowing than the interest rate. The APR reflects the interest rate, and other charges that you pay to get the loan. The FCA description of any APR is “APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. The APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee. All lenders have to tell you what their APR is before you sign an agreement. It will vary from lender to lender
Should a problem arise, we will do all we can to resolve the problem as speedily as possible. Should we not be able to reach a mutually agreeable solution, you may escalate the dispute; details of how to do this can be found on our FHIO endorsed Dispute Handling Process which can be found here.
On the rare occasion that we do receive a complaint, we take it very seriously. If you are unhappy with any aspect of the goods you purchased with us you may contact us in any way you prefer. Our contact details are as follows;
Phone: 01325 744 093
Email: ccenquiries@magnet.co.uk
Address:
3 Allington Way
Yarm Road Business Park
Darlington
DL1 4XT
If your complaint relates to your finance agreement:
If your complaint relates to the finance linked to your purchase you can still let us know about this, but we will forward it on to your credit provider V12 Retail Finance. V12 will acknowledge your complaint and investigate it thoroughly and issue their response within eight weeks. Read our dispute handling process in our Frequently Asked Questions.
What to do if you can't reach an agreement:
If you are not satisfied with V12's response to your complaint relating to the finance agreement, you may be able to refer the matter to the Financial Ombudsman Service. You must contact them within six months of the date of V12's final response letter to you.
They can be contacted in the following ways:
Further details can be found on the Financial Ombudsman Service
website: www.financial-ombudsman.org.uk
