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V12 Retail Finance Q3 Data Shows Home Improvement Finance More Than Doubling



New quarterly data from V12 Retail Finance shows that UK consumers continued to turn to point-of-sale finance for high-value purchases in the third quarter of 2026. Total finance values across the platform grew 7% between July and September compared with Q3 2025, and were almost 20% higher than in the same period of 2024.


The quarter got off to a challenging start as prolonged hot weather and a busy international sporting calendar disrupted normal shopping patterns in July. However, each month of the quarter was ahead of the same month in 2025, and demand strengthened as the summer went on. As in the first half of the year, growth came mainly from categories linked to the home, health and practical everyday purchases. This suggests that households remain willing to commit to significant spending, but continue to be selective about where they do so.


Andrew Phillips, Managing Director of V12 Retail Finance said:

"The third quarter shows a consumer who is still willing to spend on what matters most, even when the backdrop is far from straightforward. July was a difficult month for many retailers, but demand held up and strengthened through August and September."

"The standout trend is the continued investment households are making in their homes. Home improvement finance more than doubled year on year in the quarter, and that reflects a broader shift we have been tracking for some time, as people choose to improve the homes they already have rather than move."


"Consumers remain cautious about the wider economic picture, and we expect them to stay selective. But the strength and breadth of demand across our portfolio gives us confidence as retailers head into Black Friday and the Christmas trading period."


Home improvements emerge as the defining trend of 2026

Home Improvements was a standout performer in V12’s portfolio in Q3. Finance values rose by around 112% year on year, and the pace of growth increased each month. Values were up approximately 56% in July, 107% in August and 163% in September.


The category has now grown almost fourfold in quarterly value since Q3 2024, and now accounts for around 7% of total finance values, compared with less than 4% in the same period last year. Across the first nine months of 2026, home improvement finance values are up by around 73% year on year. This builds on the multi-year pattern of increased investment in property-related projects that V12's earlier data releases highlighted.


Furniture remains the anchor of demand

Furniture remained the largest category by a significant margin, accounting for close to 49% of all finance values in Q3 2026. Finance values held broadly stable, rising around 1.5% year on year on what had been a strong Q3 2025.


Performance varied through the quarter, with July softer as warm weather reduced footfall, particularly at retail park locations. August was a stronger month for the category, with finance values rising nearly 9% year on year as cooler temperatures and Bank Holiday promotional activity brought customers back to stores. On August Bank Holiday Monday alone, applications approved across V12's portfolio rose by almost 40% compared with the same day in 2025, with furniture retailers making a significant contribution.


Healthcare and practical categories continue to grow

Healthcare and dental finance values rose by around 6% year on year, and are up by more than a third compared with Q3 2024. The category accounted for around 12% of V12's total finance values in the quarter. This reflects continued consumer willingness to invest in dental and elective treatment, supported by the expansion of V12's healthcare provider network.


Growth was also strong across several practical and lifestyle categories. Consumer electrical finance values more than doubled year on year, rising by around 126%. Cycles grew by around 24%, with double-digit growth in every month of the quarter. Motor finance rose by close to 6%.


Signs of stabilisation in discretionary categories

In Q1, discretionary luxury categories were under pressure. In Q3, there were early signs that this pressure is beginning to ease. Jewellery, the second largest sector by value, returned to growth, with finance values rising nearly 3% year on year. This marks a positive step after a softening trend that had been evident since mid-2024.


Other discretionary categories remained more subdued. Art saw a decline of close to 8%, while music was broadly flat. This suggests that while sentiment around non-essential purchases may be improving, households are still exercising restraint in some areas.


Retailer network continues to expand

V12's retailer network continued to grow during the quarter. The most significant milestone was the launch of V12's partnership with Magnet, which went live across all 150 Magnet stores in July and made a strong early contribution to the growth in home improvement finance. The sector also benefited from continued growth among retailers introduced through broker partners.


"What has been particularly encouraging this quarter is how broad the growth has been," added Andrew Phillips.

"We have seen strength in our largest categories, in healthcare and in practical purchases, and early signs of recovery in jewellery. Combined with the momentum in home improvements and new partnerships such as Magnet, that gives us a solid platform as we move into the busiest trading period of the year."

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Aug 22, 2024
5 min read


Businesses are being invited to sponsor a female employee or apprentice to be part of a

new event packed with inspirational speakers, in Warwickshire next month.


The inaugural Raise Up Conference, organised by the Leamington Soroptimists, will hear

from a dozen leading lights in the worlds of business and charity in south Warwickshire,

whilst also fundraising for local causes. And organisers say it opens the door to an experience that’s both uplifting and empowering to women in the workplace.


The speakers’ deeply personal tales will touch on a host of topics, from physical and mental

health challenges, through to bullying, addiction, grooming, misogyny and physical abuse.


All proceeds from the day will also support Warwickshire-based charities The OurJay

Foundation, Esther Project and New Futures Nepal.


The event, on September 29th is the latest passion project of Soroptimists President – and

Leamington podcaster and author – Catherine Williamson, whose Gobsmacked! Podcast is

also dedicated to celebrating inspirational life stories, and has now been heard in more than

113 countries. Catherine said:

“As a business, investing in a sponsorship for the Raise Up Conference is more than just a ticket—it's an opportunity to inspire and catalyse the next generation of leaders and volunteers in our community. By sponsoring a place for a woman, you’re not only providing her with access to inspiration and practical tools, but also investing in the future of our local workforce and community. Let’s come together to raise up and equip those who will drive positive change in the years to come.”

She added: “The conference is designed to resonate with anyone who values resilience and

the power of overcoming obstacles. Whether you’re a leader nurturing the next generation

or someone seeking inspiration in your own life, this conference will serve you

tremendously."


“Each speaker is a Soroptimist who has transformed their hardships into strength and faced

significant personal challenges—whether it’s overcoming chronic exam anxiety, surviving

bullying and grooming, or enduring six heart attacks.”



Compered by Catherine, inspirational keynote speakers throughout the day are:


Hannah Simnett, from Sutton Coldfield.

Hannah is the Founder and CEO of Cherished, a Birmingham-based charity dedicated to empowering and supporting young girls in her community who felt marginalised or bullied. Drawing from her own experiences, Hannah has transformed personal pain into a powerful purpose and is an award-winning leader and speaker who has inspired countless women to overcome obstacles.


Recently, her work was also recognised with the prestigious King’s Award for Voluntary Service, often described as the MBE for charities.


Lianne Kirkman, from Leamington

For nine-and-a-half years Founding CEO of Helping Hands Community Project in Leamington, Lianne has recently stepped down from that role in order to focus on The Esther Project, a new initiative providing gender-specific supported accommodation for women affected by trauma and abuse, which often results in homelessness, addiction, and criminal behaviour.


Her journey began after she overcame a significant mental health crisis, which inspired her to set up the project as a way to give back to the community and support others facing similar struggles. She is also a recipient of a King’s Award for Voluntary Service.


Sally Bee, from Stratford-upon-Avon

By 36, Sally had survived her first three heart attacks and is now a proud member of the six Heart Attack Survivors Club. Despite living with a potentially fatal heart condition, Sally channels her experiences into positivity, sharing life tools through her bestselling books, TV shows, and online club.


Her ITV Daytime health segments broke records, with over 1.2 million downloads in a week and her new chat show, ‘Don’t Go Faster Than Your Guardian Angel Can Fly,’ is a popular watch.


Dr Mandy Barnett, from Leamington

A psychology graduate, clinical educator and retired consultant physician, Dr Barnett has worked for over 30 years in the NHS and as an Associate Clinical Professor at Warwick Medical School.


Based on her own experiences as the mother of two children with Tourette's Syndrome, she published a guidebook for parents called 'It's NOT All About Swearing! A Practical Guide to Tourette's Syndrome for Parents in a Post-Pandemic World.’


Nicola Enoch, from Leamington

Two years after giving birth to a baby with Down Syndrome, Nicola established The Ups of Downs, a charity which now works with around 70 families. This was followed, in 2017, by the launch of Positive about Down syndrome, a website and social media support network accessible to parents worldwide, and is now part of the national charity Down syndrome UK.


Julie White, from Coventry

Julie is the owner and MD of D-Drill & Sawing with branches across the UK, and holds a series of key industry titles, including chair of Build UK and the first female chair of The Drilling and Sawing Association.


Julie is also a previous winner of the Vitalise Businesswoman of the Year – following in the footsteps of Karren Brady, and is a familiar face on national news programmes including BBC’s Question Time, The One Show, Daily Politics Show, BBC Breakfast, Sophy Ridge on Sunday and Sky News.


Dayle Adams, from Leamington

Dayle is a Reiki Master, Holistic Therapist, and Psychic Medium with a passion for end-of-life planning and spiritual growth, empowering individuals to face life’s transitions with peace, clarity, and celebration.


Inspired by the death of a close friend, Dayle founded ‘Planning Ahead of Time’ - a service that encourages open conversations about loss and end-of-life planning – and ‘Night of Our Light,’ an annual event that celebrates the lives of lost loved ones.


Tessa Morton, from Leamington

Following an early career in acting and presenting, Tessa has spent the last 20 years growing her successful Tessa Morton Partnership, working as a trainer and coach advising and directing professionals with communication challenges.


More recently she has qualified as a cognitive behaviour therapist and runs voluntary drama and social skills groups for young people on the autistic spectrum through not-for-profit organisation Act for Autism, a passionate advocate for the autistic community.


Tamar Groenevld, from Leamington

Tamar is a seasoned Wellness Expert, Personal Trainer, and Mind Coach with over 20 years of experience. She specialises in enhancing life experiences by aligning mental, emotional, and physical health. Tamar leads yoga and wellness retreats in the UK and Crete, focusing on energy healing and self-awareness.


Visitors on the day will also have the chance to hear from other guest speakers to be announced, but including Zelda Wilson, from Hampton Magna and Saorise Welland, from Leamington. Zelda recently returned from her latest adventure - a 500km cycling trip on a fold-up bike over the Alps – despite still battling Grade 4 terminal cancer!


Saorise found sobriety three years ago at the age of 26 and is now in the process of writing a book exploring her turbulent past with alcohol, drugs and an eating disorder.


The Raise Up Conference takes place on September 29th at The Fold in Leamington. Tickets

are £40, to include a light lunch.


For more information about Leamington Soroptimists visit here.


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