British Gas Boilers Finance: 2022 Reviews & More
British Gas is the largest boiler installation company in the UK. They have established a set of guidelines that guide them to ensure that their customers are treated with respect and are at the center of all they do.
To help with getting a new boiler and paying monthly for it, British Gas allows customers to schedule a free appointment to meet with an advisor to determine how much it will cost to install a new central heating system.
British Gas Finance & buying a new boiler
British Gas offers two types of finance plans to their customers. The first plan is a representative rate of 0% APR and does not require a deposit. This plan has a monthly representative payment of £122.37.
The second plan is available at a representative 9.9% APR rate and does not require a deposit.
The payment term for the representative finance plan at 0% APR is 24 months.
For the representative finance plan at 9.9%, there are these payment terms:
Pay monthly new boiler from British Gas for £35 per month
One of the best ways to buy a new boiler from British Gas in recent times is by paying monthly. Boilers on finance have been around for years and British Gas offers all their boilers on a pay monthly plan.
You can choose from different loan agreement terms and different rates including interest-free finance over 1 year, 2 years, or even 3 years.
Most people buy a boiler in a rush as their boiler has broken down. More often than not people don’t have £2,000 laying around for a new one, so opt to spread the boiler cost.
The best thing is, you don’t even have to pay a penny with zero deposit, yes £0 deposit finance. You just start making repayments the month after your new boiler has been installed by British Gas. British Gas is not the lender but is a credit broker for a panel of lenders they use.
British Gas boiler on finance options
Here is a list of potential options where you can spread the cost of a new boiler using British Gas:
- Up to 3 years of interest-free credit at 0% APR
- Pay over 5 years, 8 years, or 10 years at 9.9% APR
- £0 deposit on all finance agreements and loan terms
- You must borrow at least £1,000 for a new boiler
- You can make additional payments any time to lower your monthly amount
British Gas interest-free finance boilers
If you want to buy a new boiler but don’t to pay a penny extra than what your would of done if you had the money to pay for the boiler installation outright, then interest-free finance from British Gas is one of the best ways to do it.
You can choose to pay over 1 year, 2 years or even 3 years and not pay a single penny more than you have to. Here is an example of British Gas interest free boiler finance so you can see how much you would pay back over what loan term:
Ways to pay for a British Gas boiler finance
If you really want to keep your monthly repayments down, then you can by lengthening the term that you pay back the cost of your new boiler. The biggest difference here is that you will be paying an industry-standard APR of 9.9%.
The benefit though is that you can spread the cost over up to 10 years, which means you can get your monthly repayments down to as low as £25.85 on a £2,000 boiler, which is about the average price for a new boiler in the UK including installation. here are a few examples of what you would repay to British Gas:
You are looking for a boiler replacement but can’t afford it?
You might prefer to spread the cost. You might also find that you have other priorities than a holiday or a new car which are much more interesting and fun, but they won’t keep you warm at home in winter.
A British Gas installation can be quite expensive, usually around £1,500 to £3,000. If you don’t have the funds right now, it shouldn’t surprise you that you can pay monthly for your boiler.
British Gas pay monthly boilers
Consider a boiler new monthly payment plan that allows you to spread out the cost over a period that suits you best. You can choose to pay monthly small payments for a whole decade, or 2 years, 5 years, or 5 years. You have the option to choose, that’s what’s great about boiler finance.
You can purchase a boiler on financing (or a monthly payment boiler) and have your new boiler installed in a matter of months. Instead, you can spread out the cost of your new boiler by signing up for a monthly payment plan that is affordable and has no hidden fees.
You can finance a boiler so you can spread out the cost over a period of time, rather than paying it all at once. You can purchase a new boiler at 0% interest and pay only for its installation in your house.
Does British Gas require a deposit for boiler financing?
You can pay nothing or as much as 50% of the loan amount with British Gas installation (Do not forget that a minimum of £1,000 loan is required).
A large deposit, such as a 50% contribution, can significantly reduce your monthly payments, pushing the cost down to a low £10.50 per month.
If you are looking to pay monthly for your boiler, it is likely that you won’t be able to access a lump sum.
In all honesty, large deposits in the boiler finance industry are rare.
British Gas acts as a broker, you can borrow between £1,500 and £10,000 with no upfront payments from one of their lenders. Spread the cost with 0% APR interest-free credit. You can buy a boiler online, and spread the cost up to four years at zero interest.
Below is an example of boiler financing from British Gas. It’s based on a Worcester-Bosch boiler that was purchased online without a personal consultation, and as it was all completed online in minutes, it can save you time and money.
Who can apply for boilers & finance?
With British Gas If you are 18 years old or older, and have reached the age of 85 by the end of the agreement, you can apply for the boiler-on finance scheme to pay.
You must also be a resident of the UK and be either employed, retired, or in receipt long-term disability benefits. Before you can submit your application for finance, please make sure that you have the following documents. Terms & Conditions.
- A valid passport
- Valid UK driving license
- Valid electricity bill from the past three months. Must be in the applicant’s name.
What is included in financing a new boiler?
With British Gas new boilers, whether you pay for them via boiler finance or not, are installed by either a British Gas engineer or a subconctractor employed by them. You will also receive the following additional items as part of your pay monthly boiler repalacemtn package.
- Wireless thermostat for maximum control Smart thermostats can be upgraded with optional upgrades.
- Boiler filter for maximum protection against sludge & corrosion
- Chemical cleanse to improve water quality. This is a major cause of corrosion.
- Flue kit is a must-have item for any new boiler installation.
Is the new boiler on finance of the same quality as the old one?
Boiler finance from British Gas is a way to ensure the same quality product as one purchased with cash. You still get the best combi boilers, system boilers and regular boilers.
It doesn’t matter how you pay for your boiler.
No matter if you choose a Worcester Bosch boiler, an Alpha boiler, or a Viessmann one, you will get the same warranty protection for the same length of time and the same boiler quality.
Boiler finance from British Gas is a great way to save money.
You can reap the financial benefits of financing a boiler with British Gas as if you have an older boiler that is not covered by warranty, you could end up paying for expensive repairs
A warranty covers you if your boiler fails or experiences problems. Manufacturers will pay for the repair cost and, if necessary, a replacement.
You should consider the potential cost of a boiler that is older than it is.
The call-out fee for an engineer and the parts required to fix your boiler could easily add up to several hundred pounds.
We have an ultimate guide to help you determine who has the best combination boiler available. Or you can use our quick calculator for help in deciding which boiler is right for you.
British Gas Finance Benefits
Increased energy efficiency
Modern boilers are more efficient than older boilers. They are better at utilizing heat and producing less waste. This means that you will use less energy and save money.
You could save up to £580 per year if you replace an old G-rated gas boiler with an A-rated gas boiler.
You can see that there are many savings to be made by replacing an old boiler. In some cases, a boiler with finance can make sense.
British Gas services & finance support
Find the perfect boiler
Get a quote online for a new boiler within two minutes. Or book a video chat with one of British Gas’s heating specialists.
Choose your finance plan
You can choose your boiler finance plan, and you can book a time slot to fit your schedule with installation included in the fixed price. Once you have decided on how long you want to pay for and agreed on the monthly repayments you can then move on to the next step if getting your boiler installed.
Install your boiler
British Gas will remove your old boiler and flush it, then install the new one. And they’ll even show you how to use it. If you need a thermostat setting up they will also do this too. you can even get a thermostat as part of your finance offering.
As part of the whole British Gas services when paying for your boiler monthly, you can be sure that they are there to assist your heating needs. Great aftercare is what makes a boiler company better.