Pay-Monthly Cookers

Rent-to-own, sometimes called rent-to-buy, is a type of borrowing known as hire purchase. You receive the cooker straight away, but you do not own it until all payments have been made in full. If you fall behind with payments or experience financial difficulties, it may be possible to return the goods to the lender, Family Finance. They also have the right to repossess the goods if payments stop. Rent-to-own agreements include protections, such as limits on interest so the total amount payable never exceeds double the cash price, including delivery or related charges. Prices are benchmarked against other retailers to ensure they are competitive.

Repayments are made in monthly or weekly instalments using the payment method agreed when your finance is set up. This can include standing order, Continuous Payment Authority, debit card, cash, or bank transfer. The payment schedule and amounts are confirmed in your agreement.

Your first repayment is usually due within one month of receiving your cooker. The exact date and repayment schedule will be shown clearly in your agreement before you commit.

Cookers are offered through rent-to-own hire purchase agreements provided by the lending partner, Family Finance. Agreements typically run over one to three years, depending on your circumstances and the affordability assessment.

You can still apply. Every application is assessed individually and includes an affordability check. Having bad credit does not automatically mean you will be declined.

You can still enquire, but approval depends on an affordability assessment. Family Finance will review your circumstances to decide whether repayments are affordable.