Not On Benefits? Consider Getting A Boiler On Finance

With the way that the ECO scheme is currently set up, only those who claim certain income-related benefits can get help towards the cost of replacing their boilers. But, if you don’t claim any benefits and you don’t have the cash up-front to cover the costs of replacing your old, broken boiler, then getting a replacement boiler via a competitive finance plan could be your best bet.

What is boiler finance?

It’s the same as any type of finance. Effectively, you spread what would initially be a large cost of, let’s say £2,000-£3,000, and you can split it down in to smaller more manageable chunks which you will then pay every month over a set period of time. Typically, the monthly payments will be somewhere in the region of £17-£20 and you can spread them over period of 5-10 years in most cases. If you wish to get more information about getting a replacement boiler on finance, we’d recommend you head over to our sister site ( and complete your details. You’ll then be contacted by up-to 3 boiler finance experts who’ll talk you through the process and offer their best deals.

What are the benefits of getting a replacement boiler on finance?

Well, there are many. Because the payments are likely to be spread over 5-10 years, you will benefit from complete piece of mind during that time as the warranty cover will span the entire life of your finance agreement. This means that if your boiler breaks down 3 years after its installation, you’ll be able to make one call, and it will be instantly fixed or replaced. If it break down 9 years down the line, again, you’ll be able to get it fixed with no cost to you.

Another benefit is being able to avoid the large up-front costs, too. Many boiler installers who have access to finance are able to offer 0% APR rates, and can install your new boiler with little to no deposit. £20 a month, sounds a lot better than £3,000 in cash right now.

Do I need pay a large deposit?

As above, in many cases you’ll be able to get your new replacement boiler installed with little to no costs up-front. But, if you do have access to a small amount of cash which is already saved up, you should be able to use that to put towards the installation. This means that the amount you’ll require through finance will decrease, which in turn will decrease your  monthly payments.

What make/model of boiler will be installed?

Because you will need cover for the entire span of your finance agreement, the types of boiler which get installed are only of the highest quality. Typically, most installers will lean towards Viessmann, or Ideal as have very strong reputations for quality and reliability. They do this because if they know they need to offer their repair support for 5-10 years, they’ll want to install a boiler which isn’t going to break down every 5 minutes and give them headaches, as well as you. As well as your new boiler, you’ll get all the required safety attachments, the boiler flue and any required pipework.

Lean more about the best combi boilers for 2019.

I have a poor credit history?

Even if you do have a not so squeaky clean history, you should still look in to getting a boiler on finance. It will cost you nothing to do so and there is help out there who don’t have a perfect past. Companies such as Credit Union will listen to each individual circumstance and a make judgement based on what they hear. If you missed a store card payment 3 years ago, Barclays might turn you down instantly, but if you’re fully employed and you’ve been great ever since that miss-hap, then you can still get financial support.

How much does a new boiler cost?

The cost of a new boiler can vary a lot depending on many different factors. You may need to have extra piping installed in to your home, your flue (exhaust where the left over gasses leave) may need to be upgraded, or the boiler itself may even need to be relocated for safety reasons. Typically, a standard boiler swap (combi boiler for combi boiler) will be somewhere in the region of £1,500 – £2,500. If you require a conversion (which to swap a standard system, for a combi boiler), you could be looking at as much as £3,000 – £4,000.

Are there any other options?

If you don’t claim benefits, and you think that your credit history is far from acceptable, the last option would be to speak to your local council. Sometimes they have home improvement grants available or run their own independent schemes.




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