How does Boiler finance work?
Low rate boiler finance packages from D&S Southeast allow you to spread the cost over 1, 2 or 3 years subject to your status. You can also be assured that with the experience and expertise that we hold your installation will be in safe hands, every step of the way.
To apply for a boiler finance scheme, you need to provide some personal details for the credit agreement. All finance options are considered on an individual basis, subject to your status and credit checks.*
Once you’ve chosen and successfully applied for a scheme, the lender will pay for the upfront costs and installation of a new, efficient boiler in your home. You are agreeing to then pay the lender back, usually via a set amount of monthly payments over an agreed period.
How the overall finance plan works, in terms of how much you borrow from and pay back your creditor, will vary between schemes and your personal circumstances. Some schemes require a deposit upfront, some have higher rates of interest, and others take longer to pay back.
How much will I pay for finance?
There are a range of boiler finance options and packages available. Some are more competitive than others. Generally, you will pay back more than you borrowed. How much you will pay back depends on: the total cost of your boiler, plus installation the interest rate applied by your finance scheme. any deposit you pay upfront (or additional charges) the number of months you’ve agreed to spread your payments over.
Is a boiler on finance right for me?
Not always! The best option is always to pay for the costs of a new boiler and installation upfront yourself, if you can afford it. Paying for the boiler outright means you will get a better return on your investment versus paying more for the boiler over the long term through a boiler finance scheme. Typical costs for a new boiler installation are between £1,200 - £3000, which not everyone can pay for upfront.
Using a boiler finance scheme could be right for you if you:
- want to replace your old boiler with a new, efficient boiler
- need to buy and install a new gas boiler
- would prefer to spread the cost over a monthly payment plan
- don’t qualify for the government’s free boiler scheme
As with any finance option, please be sure you can comfortably afford monthly instalments before making an application.
D&S South East Boiler finance is financed by an external company, regulated with the FCA. D&S Boiler Finance are not a licensed credit broker.
Our fixed-price quote includes a boiler and controls that suit your home and budget, professional installation and everything else you need. No hidden extras.
Plus replacing your old boiler with one of our new A Rated, energy efficient boilers, you can save up to £570 a year on your gas bills.