As a homeowner in the UK, a reliable heating system is essential to ensure your family’s comfort, especially during the cold winter months. However, if your boiler breaks down or becomes inefficient, it can be a significant financial burden to replace it and with the cost of living crisis making money tight for many of us, you may be worried about being able to afford to replace your boiler. Fortunately, here at Plumbcraft, we offer flexible finance options* to help you spread the cost of a new boiler over time, and with many of our offers having a 0% deposit, you don’t have to sacrifice your holiday this year!
Our boiler finance plans
Many heating companies offer boiler finance plans that allow you to spread the cost of a new boiler over several years. Typically, these plans involve paying a deposit upfront, followed by monthly payments for the duration of the agreement. Some companies also offer interest-free finance options, while others charge interest on the loan.
At Plumbcraft, we offer flexible payment options to help with the cost of both a new boiler and the installation of it. We work with Novuna & Vendigo finance who are experts in providing finance and flexible payments to millions of homeowners across the UK.
- Option one – 1 or 2 years 0% interest free credit
Spread the cost with no additional charge and there is no deposit required. The interest free credit gives you low monthly payments with no early repayment penalty and is available on selected products. A minimum spend criteria applies to this option.
- Option two – Spread the Cost Over up to 10 years
You have the option to spread the cost of a new boiler and installation on selected products with our ten-year plan. This allows you low cost monthly payments and we don’t charge an early repayment fee if you want to pay it off earlier. We don’t require a deposit on this plan, so there is no upfront cost!
- Option three – Buy now, pay later
With our buy now, pay later plan there is 0% APR if you pay off the credit within the first year although a £29 admin fee will apply. There is no deposit required. Or you could spread the cost up to 8 years with low monthly payments on selected products.
- Option 4 – Finance on home improvements
Finance on home improvements including bathroom installation, boiler installation and general plumbing may be available – these will be assessed on a case-by-case basis. Eligibility criteria, minimum spend, interest rates and finance products may vary – Lender information will be provided upon request / application.
When choosing a boiler finance plan, it’s essential to consider the interest rate and the total cost of the loan. Make sure you understand the terms and conditions of the agreement before signing up, including any penalties for early repayment. Make sure to research the terms and conditions of each of our options to choose the one that’s right for you. With the right financing, you can enjoy the comfort and energy efficiency of a new boiler without breaking the bank.
Our eligibility criteria
Before applying for any type of finance, it’s important to know whether or not you would be eligible. Our criteria are as follows:
- Minimum age of 18 years
- UK resident for more than 12 months
- Own personal bank account from which a Direct Debit can be taken
- Permanent employment, working minimum 16 hours per week
- Self employed
- Retired person on disability allowance
- Unemployed and ‘house person’ (with consent of cohabiting working partner)
We try to be as inclusive as possible but if you’re not sure whether you qualify, please speak to one of our team who will be able to help you discuss your options.
Energy efficiency grants
In addition to or as an alternative to financing options, the UK government offers several energy efficiency grants to help homeowners upgrade their heating systems. The Energy Company Obligation (ECO) scheme, for example, provides funding to low-income households and those living in areas of low energy efficiency.
We would always also recommend seeing if you qualify for any support, as any financial help you can get will go a long way.
If you are interested in any of our finance options, please get in touch with us today. We can advise on what products and options would be available for you and discuss any specific requirements for installation. You can contact us via our website, call us on 01609 775233 or email info@plumbcraft.net and one of our amazing team will get back to you!
*Plumbcraft is a trading name of Plumbcraft (Yorks) Ltd which is authorised and regulated by the Financial Conduct Authority in relation to credit brokering Reg no. 782428 . Credit is provided by Vendigo authorised and regulated by the Financial Conduct Authority. Finance options are offered subject to status and credit check which must be completed before commencement of works. A 14-day cooling off period applies to all applications. If cancelled within 14 days, alternative payment of full outstanding balance must be made. *Guarantee terms and conditions apply.