Finance Options Explained
The Boiler People LTD, are authorised and regulated by the Financial Conduct Authority.Our firm reference number is 812340. We are a credit broker, not a lender. We offer loans from a small panel of carefully selected lenders. We do not receive commission. We do not charge you for our credit broking services.
From start to finish installing over 1500 boilers a year. With decades of experience between The Boiler People team, you’d struggle to find a better-qualified team to handle your new boiler installation!
Understanding FinanceWe understand that it is not always practical to pay for a new boiler in one lump sum, which is why we offer an easy repayment option where you can spread the cost with simple monthly payments. Our flexible low-cost payment plans with no deposit can help you to keep your home warm and comfortable as the winter months approach.
Option 1 – Cash Purchase or Self Sourced Funding
If you are paying from your own funds by cheque, debit card, bank transfer or cash. If you are arranging your own funding via a loan or re-mortgage. You will not benefit from the extra protection provided under the Consumer Credit Act 1974.
Option 2 – Buy Now Pay Later
Offers you the option to defer payments for 6 months during which you have the choice to settle interest-free by paying the exit fee of £70 and the amount borrowed. If you do not settle by the end of the deferred period interest will have accrued from the inception of the loan agreement and you can then repay by the monthly installments shown.You will benefit from the extra protection provided under the Consumer Credit Act 1974. Representative Example: Cash price of £2700. No deposit. Total amount of credit £2700. If not settled in the 6-month deferred period, then 36 monthly payments of £188.8.131.52% per annum variable. Total charge for credit £372.24 Total amount repayable £3072.24 Representative APR 6.9% variable.
Option 3 – Flexible Monthly Repayments
Spread the cost of your purchase by using the flexibility of a longer term. Providing the monthly payment is made every month, overpayments can be made at any time to reduce the cost of interest and to reduce the term.Representative Example: Cash price of £2700. No deposit. Total amount of credit £2700. 120 monthly payments of £34.94. 9.5% per annum variable. Total charge for credit £1492.80 Total amount repayable £4192.80 Representative APR 9.9% variable
Option 4 – Interest Free - Representative APR 0%
The purchase price of your boiler, less any deposit, spread over 24 monthly instalments without any interest or charges. You will benefit from the extra protection provided under the Consumer Credit Act 1974.Representative Example: Cash price of £2700. No deposit. Total amount of credit £2700 Representative APR 0% variable
The Boiler People LTD registered office address is at 13 Trinity Square Llandudno North Wales LL30 2RB. Vat Number: 283 8286 62. Company Registration Number: 09403414. The Boiler People Ltd is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 812340). The Boiler People LTD are a credit broker and not a lender and offer credit facilities with a panel of lenders.