Own Art & Pay By Finance
Buying Art From Us With Interest-Free Loans
At West Contemporary Editions, we make art accessible to everyone. As a member of the Own Art scheme (backed by Arts Council England), there is a 0% finance option for all our UK customers for most of the artworks we sell.
This means you can spread the cost of the art you love over 10 months, interest-free.
Loans are provided by through the 'Pay by Finance' scheme from Mitsubishi HC Capital UK PLC trading as Novuna or Novuna personal finance.
Your Own Art Options
If the total value of your Own Art eligible artworks at checkout is £500 or over, you'll be offered the option to apply for a 0% finance loan through Novuna and spread the cost over 10 months.
To apply, simply complete the finance option at checkout.
If you choose to apply online, your checkout will include a secure visit to Novuna's Pay by Finance system to complete your application.
How do I choose to pay over 10 months interest-free, using Novuna's Pay by Finance scheme?
Select the 'Pay by Finance' option on the Checkout page, which should take no longer than 5 minutes.
Who is eligible to apply for online finance?
To apply for online 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.
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.
Unfortunately, we are unable to offer online finance to residents of Eire.
When do my repayments start?
Your monthly repayments will begin one month after your purchase has been delivered.
Are there any arrangement fees or hidden extras for credit?
No. There are no arrangement fees or hidden extras.
Applying for online finance
Applying for online finance is easy and convenient. When you buy online from West Contemporary Editions, you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and the rest is done for you.
Application process and time
As mentioned above the whole application process should only take you up to 5 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 either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.
Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.
Once my application is approved, what happens next?
Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement.
If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.
Once you have agreed to the terms of the finance agreement, West Contemporary Editions will be notified and you need do nothing more.
If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement.
Allocation Of Your Order
Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna. Shipment of your goods will follow soon after your agreement has been returned and received.
Will you credit score me? And if so, what does this mean?
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.
If my application is declined, what is the reason?
In addition to credit scoring, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Novuna 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:
- Your credit score (please note that every finance company will score you differently)
- Adverse credit reference agency information
- You are considered to be over-committed
- You are aged under 18
- Your existing account performance with other lenders
What type of information do credit reference agencies hold?
Some of the information is public information, for example electoral roll, County Court Judgment 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.
How do I obtain a copy of this information?
You should send a request to the relevant credit reference agencies, either via post or online:
- 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
If you believe that the information held is incorrect, you can ask the agency to correct it.
If my application is not successful, can I re-apply?
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.
Can I request delivery to an address other than my home?
In order to safeguard against fraudulent applications, we regret that we are able only to deliver goods to the home address of the applicant.
If you have any further questions, please don't hesitate to contact us