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What Is Boiler Finance? How Can You Be Eligible For New Boiler Finance Plans?

What is boiler finance? Boiler finance is a way to spread the cost of a new boiler over time, making it more affordable for homeowners and landlords. There are a few ways to finance a boiler, and in this post, we’ll explore how you can be eligible for new boiler finance plans. Whether you’re looking to replace an old, inefficient boiler or upgrade to a newer model. We’ll help you understand your choices to make the best decision for your needs. 

What Is A Boiler Finance Plan, And How Does It Work?

Boiler Finance Plans provide an excellent option for homeowners looking to replace an older, inefficient boiler. By simply making a small down payment, homeowners can take advantage of significantly lower monthly payments over an extended period. Boiler finance plans are beneficial because they spread the cost of replacing an expensive item over several payments and allow homeowners to make more affordable payments on their new boiler. Typically, New boiler financing runs anywhere from 24 to 120 months, meaning homeowners can handle coming up with the total amount at once. Furthermore, With new boiler finance plans becoming increasingly popular due to their convenience and affordability. It has become much easier for homeowners to access quality heating systems without breaking the bank.

How To Be Eligible For A Boiler Finance Plan?

Boiler financing is becoming increasingly popular due to its flexibility, convenience, and affordability. To qualify for new boiler financing, applicants must meet specific criteria. Firstly, the applicant must be over 18 and have a minimal annual income required by financing companies.

They must also have attained a good credit score which reflects their past activity with financial services products and utility bills. Any sign of significant credit issues that would reflect negatively on the eligibility assessment. Such as unsettled debt or multiple arrears, can lead to an unsuccessful application. Financing plans can provide customers with an efficient way to access much-needed new boilers without paying the total amount upfront or depleting any long-term savings they may have set aside. Meeting the criteria is important before considering these finance plans. As not everyone may be eligible due to their current financial circumstances.

All applications to new boiler finance plans will therefore be subject to rigorous checks as part of the eligibility process. Knowledge about these plans is essential so applicants can ensure beforehand that they can likely obtain financing for a new boiler. New boiler finance offers are tailored per individual depending on affordability and eligibility. Hence, customers need to consider plans that suit their budgets accordingly to prevent them from getting into difficult repayment situations.

The Benefits of Having A New Boiler Financed

New boilers offer improved efficiency and can be a great way to save money on energy bills, but replacing your existing boiler is an expensive and disruptive process. Finance plans let you spread the cost of a new boiler over five years with no upfront costs, giving you the benefits of a new boiler without having to front the total cost. Boiler finance plans also give you instant access to the latest smart thermostat technology to immediately save money on energy bills. New boilers are more efficient than older models, as they will heat up quicker and use less fuel in the long run. New boiler finance plans provide excellent value for money. They can help spread out the initial installation cost over time while allowing homeowners access to the latest energy-saving developments.

This means that homeowners can enjoy significant savings on energy bills and reduce their environmental impact all year round with a brand-new boiler. Financing plans make it easier to take advantage of these benefits – allowing anyone to upgrade their boiler and get their home running smoother and more efficiently than ever before.

How To Maximise Your New Boiler Financing?

Boiler finance plans offer the opportunity to extend the price of a new boiler over an agreed period, allowing for more manageable and budget-friendly payments. A few key aspects must be considered to ensure you get the most from your financial plan:

  1. Be aware of the cost-saving measures you can take when buying from experienced boiler suppliers; these range from free boiler installation to discounts on spare parts and labour costs if anything needs servicing or repairing.
  2. Read through your Boiler Finance Plan beforehand and ensure you understand what is included in the agreement. Typically, this will cover an annual service plan that provides repairs as part of agreements.
  3. It’s essential to follow manufacturer advice on how to care for your boiler between servicing, as this will help ensure it continues functioning effectively.

Following these steps should ensure that you enjoy peace of mind while also taking advantage of new boiler finance plans.

Common Questions About Boiler Finance Plans

Boiler finance plans have become popular solutions for homeowners looking to upgrade their current system or replace a broken boiler. These plans usually involve signing up for monthly payments, allowing the homeowner to spread their costs over time. Before deciding on the best plan, there are some critical points to consider:

  1. It’s essential to determine if the boiler company provides additional services, such as installation or repairs, that can be added later.
  2. It’s also important to consider interest rates and any associated fees that may apply. Some companies offer specific discounts for signing a long-term agreement, so ask about this.
  3. Read all the terms and conditions before agreeing to a boiler finance plan so you only end up paying what you expected.

With careful consideration of these critical points, selecting a suitable plan should be straightforward and hassle-free.

Ending Note

A boiler finance plan may be the right option to upgrade your heating system. By understanding how these new boiler finance plans work and what is required to be eligible, you can decide whether this financing fits your needs. The benefits of upgrading to a new boiler are many, and with the help of a finance plan, it’s easier to install one in your home.

Boiler service in the UK

How Much is Boiler Service in 2022

Considering the cost of neglecting minor issues that can lead to costly repairs or, in the worst case scenario, a new boiler, a boiler service is well worth the small price.

Not only does boiler servicing prevent minor problems from becoming major ones, but it also ensures that your boiler is safe and emits no toxic gasses.

Without one, your boiler’s insurance may be void. That’s correct; most boiler manufacturers mandate an annual boiler service as part of their warranty.

Boiler Service Cost

There are two kinds of boilers:

Traditional boilers use a storage tank that contains cast iron heat exchangers that heat the water. They are the boilers that provide a large amount of hot water, but when the hot water runs out, you must wait for them to heat up again. They are usually found in apartments.

Combination (or combi) boilers get their water from the mains. A storage tank is not required. They are much smaller than traditional boilers and are frequently found in kitchens concealed behind the door of a storage cabinet.

There are two types of boiler servicing plans available to homeowners with gas boilers:

An annual servicing deal, which includes breakdown coverage, is typically priced between £150 and £250.

A one-time boiler service will typically cost between £60 and £120, with local companies being less expensive than nationals.

You can usually pay for both annual and one-time servicing in advance with a monthly direct debit, which allows you to spread the expense out over the year.

Factors to look for before a boiler service:

There are countless reasons why you may require boiler service. Some of the most common boiler-related complaints or concerns are as follows:

  • The hot water supply is turned off.
  • The pilot light is not lit.
  • The thermostat does not appear to be functioning correctly.
  • The boiler shuts down frequently for no apparent reason.
  • Radiators are, at best, cold or tepid.
  • The boiler is making a strange noise.

In addition to the issues listed above, an annual boiler service is recommended to ensure there are no underlying problems that could cost you hundreds of pounds later.

Best services provider

If you hire a national company to conduct your boiler service, you will pay more for the same service that a smaller, local business could provide.

Nationals charge you not only for the service but also for their customer service team, advertisements, and call centers. In contrast, smaller companies charge you only for the engineer and possibly a small fee for their petrol expenses.

Location

Your location will influence the cost of your boiler service, with fees in London being higher than in the countryside.

Several Gas Appliances

Finally, if your home has more than one gas appliance, you can ask the engineer to check everything during the same visit rather than charging separately to inspect your fire and boiler.

How to save money on boiler services:

Even if you don’t think there’s anything wrong with your boiler, it’s preferred that you have it serviced once a year, as both boiler makers and boiler engineers recommend.

Boilers are complicated pieces of technology. While one component failing does not mean that your boiler will cease to work immediately, leaving it to be repaired later will cause both your power bills and future repair costs to spiral.

Although it may appear counter-intuitive to have someone come in and perform a boiler service on something currently working perfectly well, doing so can aid in detecting any early problems.

Likewise, to affirm some boiler manufacturers’ warranty coverage, you must follow their service and maintenance instructions so that you can claim if a part needs to be replaced. If you don’t have a service history to prove you’ve been doing the checks as frequently as they want, you could be in for a hefty bill if you need fixing.

Even if your boiler isn’t broken right now, it’s a good idea to have a service plan in case you need a repair. It will save you money and the anxiety and hassle of having to arrange something last-minute that could end up costing more than twice the price of an annual servicing plan.

Boiler in the UK

Best Time to Replace Your Boiler in the UK

Your home’s boiler is essential since it regularly generates heat and hot water. Because of this, it is crucial to have a skilled professional on hand to conduct your boiler installation. It’s essential to trust an experienced professional with a boiler installation because it can be a difficult and sensitive task. Your boiler will be skillfully installed by them, guaranteeing that everything is linked correctly and runs securely during unforgiving winters.

As for the best season for your boiler replacement or boiler services, summer is considered the best time.

Boiler Services during Summer

Most people don’t think much about their boiler until it leaks. However, by keeping your boiler in good working order, you can avoid the inconvenience of a broken boiler and the cost of an emergency boiler repair. Installing your boiler in the summer is one of the most incredible things you can do for it. This is due to a few factors. First off, scheduling a boiler installation is simpler because there is less need for heating services in the summer. As a result, you may install your boiler faster and without a rush at the last minute. Additionally, installation throughout the summer can frequently be less expensive than installation during the winter.

Advantages of Installing a New Boiler in Summer

With several budget-friendly advantages of installing a new boiler in the summer, it has been regarded as the best time to purchase and install a new boiler. A few of them are listed below,

Lower Installation Cost

Installing a new boiler in the summer has many cost advantages over doing so in the winter. During the winter, there is a higher demand for heating engineers. Because fuel prices are lower in the summer than in the winter, installing the boiler will be less expensive.

Easy availability of boiler engineer

You may have your boiler installed quickly and efficiently during the summer because there won’t be as much demand for boiler and central heating professionals. In the summer, you have the opportunity to compare prices and are more likely to get an appointment that works best for you. 

Help avoid winter’s breakdown

If you repair or service your boiler in the summer, you have decreased odds of encountering a shutdown when you most need it. Homeowners rely more on their heating systems throughout the winter and this increased usage results in an increase in breakdowns.

Ensuring a warm winter ahead

During the winter, you should make sure that your house is constantly warm. Waiting for a new boiler to be installed as the outside temperature plummets is not ideal. Because a boiler replacement will typically take a few days, changing to a new boiler is advisable in the summer when your home will be significantly warmer than in the winter.

Plenty of time to explore your options

If you install a new boiler in the summer, you can take your time evaluating different brands and selecting the ideal replacement. You may discover a reliable installer by researching beforehand and requesting many quotes from several professionals.

Wrapping Up

If you’re seeking boiler installation in the UK, you’ve found the right spot. Allow us to match your demands with qualified and reliable personnel. To find out how Boiler Expert can assist you with a boiler installation in time for winter, request your Free Quote right away. We install reliable boilers. We have a sizable staff of highly qualified and competent gas-safe certified engineers to meet your standards.