Retail finance specialist Ikano Bank has teamed up with Barratt, the biggest housebuilder in Britain, to offer its customers a unique finance package.

The product, Extras Finance, will allow customers to apply for finance of up to £15,000 when selecting options for their new home from Barratt Homes' Choices catalogue, and will cover options such as kitchen upgrades and flooring.

Extras Finance is the first financial product of its kind ever to be offered in the New Homes market, and will be trialled initially in the housebuilder's West Midlands area of operation.

"We know that selecting fitted furniture and interior choices for the bedrooms, kitchens and bathrooms is one of the most exciting times in the house buying process, as this is where customers begin to create their own homes. This new initiative opens up more choice for our customers at the point they need it most,"  explains Adrian MacDiarmid, Barratt Homes' Head of Mortgage Lender Relations.

Paul O'Leary, partner director at Ikano Bank adds:

"We offer finance to many of the UK’s leading home furnishing retailers, and so we are delighted to be extending that offering to one of the country's leading housebuilders. We're certain that both Barratt and its customers will enjoy the same benefits that our retail partners and their customers have for years."

Barratt customers will be first made aware of Extras Finance by staff at the point of reservation. If interested, at later stages of the purchase process, an Independent Financial Advisor will help the customer to consider what level of finance is available to them. Once the home interior choices and the level of finance that the customer requires for these are ascertained, the customer will then meet with one of the Barratt Home Design Consultants. At this meeting customer choices are agreed, the Ikano Bank finance is arranged and the choices paid for.

In the UK Ikano Bank delivers finance solutions to several household name retail partners including IKEA, DFS, Harveys and Bensons.