Finance Packages

• You need to have some sort of employment either full-time or part-time.
• A good credit score (it doesn’t have to be perfect).
• Do not have a CCJ or an IVA within the last 5 years.

If your credit score is not the best, it doesn’t mean you won’t qualify for the monthly scheme. Instead, the interest rates might be higher because of the risk assessment.

To check if you qualify for boiler financing, you need to obtain a few quotes and talk to an installation company that offers boiler financing services. Make sure they offer the pay monthly package. At Compare the Boiler Market, we will provide you with a list of installation companies that offer the most competitive rates around your area for you to choose from.

If you find a monthly scheme that you’re comfortable with, all you need to do is give them a call to request for a home survey.

Before you apply for the ‘pay monthly scheme’ you need to find a boiler first. The most important thing to consider when choosing your new boiler is the brand. You can choose from brands like Alpha, Baxi, Zanussi, Worcester Bosch, Warmflow, Vokera, Vaillant and Ideal among others.

The price of your boiler will differ depending on the brand you choose. Some of the brands have invested in decades of research and product development and guarantee superior boilers. Their prices might be a little higher but it’s worth the value since boilers from such brands tend to last longer. In most cases, such brands offer longer warranties for their boilers.

Once you select your boiler, it’s time to find out who you can apply for the pay monthly scheme. To apply for the pay monthly scheme, you need to follow a few steps;

• Make sure you meet the criteria as set out above.
• Choose your preferred boiler installation service. Make sure you compare the rates before you get in touch with the service of your choice.
• Fill out a quick online form to register online. You will be provided with various monthly boiler payment options.
• Pick a package and price within your budget and you request for a home survey. Your selected boiler installation service will then get in touch with you to follow up and answer any questions you might have.
• You should know if you qualify for the financing over the call. You will also be provided with the exact amount you will be expected to pay per month.

Boiler financing is available in different countries in the UK. The service is meant to make it easier and more affordable for different households to buy a new boiler.

The process is simple. After you check out and apply for your selected scheme, the lender pays for the boiler and the cost of installation upfront. You then pay back the lender in manageable monthly instalments over the agreed amount of time.

The entire amount you will pay depends on a variety of factors. These include:

• The cost of the boiler and installation.
• The number of months you agree to spread the payments over. (The longer the period the higher the rates).
• The interest rate applied by the lender.
• Any deductions you pay upfront like deposits.

1. It is practical and spreads the cost of the boiler and installation over manageable monthly instalments.
2. You get to enjoy the benefits of having a new boiler sooner as you make the payments.
3. You save money on your energy bills by having a modern and efficient boiler.
4. With most arrangements, there are no upfront costs involved which gives you the flexibility to buy a boiler at any time.
5. You have the flexibility to choose the period of payment and the monthly instalment costs. You can sit down with the lender and come up with a structure that works best for you.
6. You can always pay extra when you have extra funds without any penalties.