Barclays Funding
Avonline has teamed up with Barclays Bank plc to offer funding to effectively finance Digital TV Upgrade Programmes. We’ve done the hard work in working out the right solution with Barclays – all you need to do is apply to them.
Even more remarkable is that Avonline makes no financial gain on this whatsoever, we can even recommend appropriate tenant recovery payment plans all the way through to 100% self-financing if required.
The problem with leasing
Lease Schemes are usually extended into rental contracts. This means that on completion of the agreed lease term the agreement will terminate.
To facilitate continued use, the leasing company will require a further contract term. Failure to renew will result in the termination of the service and removal of equipment. A Lease / Rental Contract can run indefinitely.
Having seen them in operations and received feedback from customers, Avonline believes that commonly, this type of arrangement is not in your best interest.
The Avonline alternative
Our solution is not an ongoing lease, but a straight forward commercial loan - with highly competitive rates - repayable over a fixed period. Our arrangement through Barclay, offers finance to Registered Social Landlords, Local Authorities and ALMO’s for funding of their Communal Aerial Systems.
Typically, ownership of systems is retained by the client, dependant on the type of financial arrangement undertaken. Certain securities may be required by Barclays.
Barclays Bank offers repayment terms from 10 years to 20 years. Repayment dates will be designed to marry in with your existing management processes be that monthly or quarterly.
Contact us for more details.
Installation and Maintenance Combined Option
Avonline offers a range of Maintenance Service Levels to ensure continued support of your systems. The Maintenance options may be taken up at any time in the future.
The Barclays solution also offers the opportunity to include service and maintenance throughout a repayment term.
Recouping investment
We can identify an equitable sum per dwelling that can be applied across your entire upgrade portfolio. When used in conjunction with the Barclays arrangement, this sum (pence per week) can be readily recovered through a Residents' Service Charge and directed to finance the repayment of the programme.
Barclays’ solution
The objective is to seek a method of payment that can, if required, be met through a small increase to the residents’ Service Charge. In this way, collecting revenue requires little or no additional management intervention.
Collection of a Resident Service Charge will effectively meet the Barclays repayment schedules making the project self-financing.
Combining a Maintenance Agreement within the financing option will maximise the benefit, minimise your capital expenditure and deliver a first class service and support package.
