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Own Art

Gallagher & Turner are pleased to offer the Own Art scheme, allowing collectors and first-time buyers alike to spread the cost contemporary art.

Own Art is supported by the Arts Council of England, and allows buyers to borrow from £100 up to £2,500 over ten months interest-free (representative 0% APR). This can be used to purchase one or multiple works of art, or put towards the cost of a more expensive artwork.

Borrow from £100 to £2,500 over ten months interest free
Representative 0% APR

Call us on 0191 261 4465 for more information

Own Art FAQ

Who runs Own Art?
Own Art is an Arts Council England initiative operated by Creative United, a registered trademark of Creative Sector Services CIC a Community Interest Company, in partnership with Creative Scotland, Arts Council of Northern Ireland and our credit provider Hitachi Capital Consumer Finance.

What are the aims of the scheme?
- To enable more people to live with the art they love
- To promote the presentation and sale of high quality works of art through a network of visual arts venues and galleries across England, Scotland and Northern Ireland;
- To support contemporary artists by encouraging increased sales of work across a breadth of practice

Do I have to live in England, Scotland or Northern Ireland to be eligible for an Own Art loan?
Own Art is open to all UK residents over the age of 18, subject to status.

Can I apply for an Own Art loan if I am a student or unemployed?
No - although you may apply for the scheme as a ‘house person’ if you are living with a partner who is employed. In this instance you must quote your partner’s employment details. Other exceptions include student nurses or part-time students (provided you have at least 16 hours per week of regular paid employment)

If the customer pays no interest on the loan, who does?
We are able to guarantee a 0% rate for customers by subsidising the cost of the loan with funding from Arts Council England, Creative Scotland and the Arts Council of Northern Ireland.

What sort of work can I buy with an Own Art loan?
Works of contemporary art and craft of many different kinds fall under the scheme, including sculpture, painting, photography, textiles, limited edition prints, fashion, jewellery, glass, furniture, ceramics and multi media works – provided they’re created by a living artist.

Can I use Own Art to buy a piece of work that costs more than £2,500?
Yes - the loan can go towards the payment for an artwork that costs over £2,500 provided you can cover the balance with a credit/debit card or in cash. It is not possible to apply for more than one loan to cover the cost of a single artwork.

Can I include the cost of framing and/or delivery as part of the Own Art loan?
Yes, you can choose to include framing as part of your Own Art loan. Please let us that you wish to do this at the start of the loan application process if a work is not already framed.

Can I use the scheme more than once?
Yes, there is no limit to the number of times that you can use the scheme. However, you will normally have to allow at least 4 months between loan applications in order to establish a repayment record with the finance company.

What happens if my loan application is unsuccessful?
An application for credit may be turned down for a number of reasons. If this happens you will be given a letter from the finance provider (Hitachi Capital) to explain their decision.

Do I need to pay a deposit?
No deposit is necessary when applying for an Own Art loan, however we may ask you for a deposit to secure an artwork if you wish to complete your Own Art application at a later date

When will I need to make my first payment?
Your first payment will normally be debited from your account around 4 weeks after the date on which you signed the agreement.  You will receive a letter confirming the date.

Are there any charges if I decide to pay off the loan early?
No. Own Art loans do not have early redemption charges. If you would like to pay off the loan, you can contact Hitachi Capital Consumer Finance to do so at any time.

Subject to status. Terms and conditions apply. Applicants must be at least 18 years old. Gallagher & Turner is a licensed broker of Own Art loans. Registered address: 30 St Mary's Place, Newcastle upon Tyne, NE1 7PQ.