£5M LENDING FACILITY TO HELP DURING THE CRUNCH
EYG has negotiated a lending facility of £10m to be offered to its retail (general public) customers over a five-year period.
This will come as excellent news to many would-be purchasers who have perhaps held off their home improvement or expansion plans because of the recession and at a time when personal bank loans have been much more difficult to secure.
The fund will be available to EYG’s Gold Account customers, who are already benefiting from a series of special offers and discounts, including a 10 per cent reduction on most purchases.
John Waugh, EYG’s Sales Director, said: “We have a good relationship with our bankers and we are delighted that we have been able to negotiate this very special fund so that we can make life a bit easier for those people who want to buy from EYG but have been unable to do so due to the lack of available cash or borrowing.
“Obviously, it will also help us to maintain our sales volume, which has been excellent in spite of the general trading conditions in the UK. The lending facility is primarily aimed at helping people who are looking to improve their homes by installing new windows and doors or to create extra space by adding a conservatory or garage conversion without digging into their savings and by taking advantage of a credit facility at realistic rates.”