Boiler finance may be available to you, allowing you to spread the cost of a new boiler into monthly repayments (0% interest and no deposit available, too).
Ease the financial burden of purchasing your new boiler by opting for convenient monthly instalments - start here.
Are you looking for a boiler replacement, but cannot afford to pay for it outright? Or would you simply like to spread the cost over time?
Or, like most, do you simply have better things to spend your hard-earned money on? After all, a boiler won’t fix your mid-life crisis, but that useless sports car might (it won’t, trust us).
A new gas boiler can cost a considerable amount, typically in the region of £4,000 according to the Energy Saving Trust. That’s the kind of money most of us can’t fish out from between the couch cushions. And if you do have that kind of cash stuffed there, we shudder to think what else might be hiding there.
That leaves two options for most of us: selling a kidney on the black market or a new pay monthly boiler plan, that allows you to spread the cost over a timescale that is convenient for you.
A monthly payment plan for your boiler lowers your risk of infections after visiting a shady alley doctor and gives you 2 years, 5 years, or even an entire decade to pay off your boiler. And during that time, you get efficient hot water.
Key takeaways
Boiler finance allows you to spread the cost of a new boiler into monthly payments.
A deposit is not required for boiler finance, but up to 50% can be paid.
You can make overpayments at any point.
You can spread the costs of a new boiler up to 10 years (with an interest-bearing loan).
Interest-free boiler finance is available on specified boiler deals from 12 months up to 48 months in some cases.
Like all loans, boiler finance is not guaranteed but is subject to a lender approval process.
Heatable is not the lender - we are the credit broker, but we can introduce you to one of the lenders on our panel.
The minimum loan is £1,000.
To begin your boiler finance application and explore the options, start here.
Watch Our YouTube video on how Boiler Finance works below:
What is a pay monthly boiler scheme?
As the name suggests, a new boiler pay-monthly scheme allows you to break down the high cost of a new boiler and installation into manageable monthly chunks.
It’s the financial equivalent of eating a sandwich one bite at a time.
The latest market data suggests that paying for boiler installation using boiler finance in the form of a monthly payment scheme is becoming very popular among consumers. It's not a huge surprise; apparently customers love not paying an unexpected £4,000 all at once.
Do you think that neighbour with the big house and snazzy car owns everything outright? Newp - they're APR'd up.
This is a hugely positive development for customers, as it means that competition within the boiler financing sector has increased.
As a result, there are now some very competitive boilers on finance options available from big banks and other lenders for those with poor credit. Like the audience in an Oprah episode, everyone is getting a boiler!
Learn all about combi boilers in our what is a combi boiler guide.
How to buy a boiler on finance
The first step is to get your online boiler quote, which takes a few minutes to complete.
Next, select your boiler finance plan that includes your fixed price and installation date, simply choose a timeslot that suits you.
Get your new boiler installed - we will remove your old boiler, install the new boiler and show you how to use it.
Continue to receive support - we are always here happy to help with any issues that may arise, hence why we are a Which approved installer and all our boiler installations come with a 12-month workmanship warranty.
Join Thousands of Satisfied Customers:
We’re proud to be Which? Trusted Traders with over 10,000 glowing reviews on Trustpilot. Check out our Reviews and Testimonials page and watch Adrian’s video testimonial below to see why so many trust us for their heating needs.
Related reading:
How it works
To make the whole process a little easier to digest, here's a brief overview of some of the most frequently asked questions about boiler financing in manageable bitesize chunks (just like your boiler's monthly payment):
Pay monthly boilers
Do you need a credit check for boilers on finance?
When you apply for any credit, the lender will need to carry out an assessment of your credit history and an affordability check against the loan value.
Due to this and the obligation to ensure responsible lending ethics are adhered to, it isn't possible to obtain a new boiler on finance without the requirement for a credit check.
What if I have bad credit?
Is boiler financing still possible if you have bad credit?
Customers with poor credit histories are still welcome to apply and will not be automatically ruled out. They will be independently assessed like all other customers.
Do you have a back boiler and want it replaced with a modern combi boiler? Ideal looking like an ideal choice? Get a fixed price.
New boiler finance deposits - are they required?
Does boiler financing require a deposit?
Simply put, you can pay nothing, or up to 50% of the loan amount (do note, that a minimum loan of £1,000 is required).
A large deposit, for example, a 50% contribution can greatly reduce your monthly repayments.
However, if you're looking at paying monthly for your new boiler, the chances are, you don't have access to a lump sum - that's the whole point. It’s like needing a diploma to get your student loans.
That means large deposits for boiler payment plans are in practice only slightly less common than sightings of Nessy.
Curious to know which boiler brand performed worst? Find out in our report of the worst boilers.
New boiler on finance repayment periods
How long do you have to pay back your boiler finance?
As mentioned above, the repayment terms for new boilers on finance are very flexible, just like Slinkies or Boris Johnson’s understanding of Covid lockdowns.
If you pay over 10 years (that's a decade), your monthly payments for your new boiler will be lower.
If you pay over, let's say, 3 years, your monthly payments for your new boiler will be higher.
But here’s an interesting caveat: keep in mind that the longer you take to pay off your boiler, the more interest you’ll pay overall.
See how much a pay monthly boiler finance loan for a new boiler installation may cost you here.
Want to learn about the future of heating in the UK? Check out the latest innovation in hydrogen boilers.
Pay monthly boiler finance summary:
No deposit required (up to 50% optional)
Make overpayments at any time
Spread the cost over 3 to 10 years
Interest rates from 0% APR (over 12 to 48 months on selected boilers)
Interested to know which new boilers on finance you may be able to secure?
Keep reading for the details, but if you are ready to get a personal free quote now, use our quick tool.
Best Boiler Finance Deals (Illustrative Purposes Only)
Below you can see some of our pay monthly boiler finance plan examples (with our most popular boilers):
Worcester Bosch Greenstar i Boiler Payment Plans:
Fixed prices from £1,780 (get your quote online)
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
9.9% | £0 (0%) | £1,780 | 10 Years | £22.98 | £977.36 | £2,757.36 | |
9.9% | £780 (Max) | £1,000 | 10 Years | £12.91 | £549.09 | £2,329.08 | |
9.9% | £0 (0%) | £1,780 | 3 Years | £56.98 | £271.25 | £2,051.25 | |
9.9% | £780 (Max) | £1,000 | 3 Years | £32.01 | £152.39 | £1,932.39 |
Alpha E-Tec Boiler Payment Plans:
Fixed prices from £1,595 (get your quote online)
APR | Deposit | Term | Monthly Payment | Interest | Total Payable | APRDepositLoan AmountTermMonthly PaymentInterestTotal Payable | |
9.9% | £0 (0%) | £1,595 | 10 Years | £20.59 | £875.78 | £2,470.78 | |
9.9% | £595 (Max) | £1,000 | 10 Years | £12.91 | £549.09 | £2,144.08 | |
9.9% | £0 (0%) | £1,595 | 3 Years | £51.06 | £243.06 | £1,838.06 | |
9.9% | £595 (Max) | £1,000 | 3 Years | £32.01 | £152.39 | £1,747.39 |
*9.9% APR boiler financing examples used above are for illustrative purposes only. Get a finance quote online for final figures.
What does interest-free (0% APR) mean?
Paying for a boiler on finance means you can spread the cost into manageable monthly payments, instead of paying for it all upfront at the same time.
0% APR means you can buy a new boiler, interest-free, with no additional charges – you’ll only pay for the boiler and its installation.
Below we explain exactly how this works and provide some examples to make it easier to understand the payment terms you can expect.
0% APR: How does it work?
Unregulated boiler companies can offer interest-free boilers but only with payment terms over 12 months or less.
However, Heatable is authorised by the Financial Conduct Authority (FCA) as a credit broker and can offer finance over longer terms – we offer finance over 12 to 48 months on selected boilers and interest-bearing loans up to 10 years.
To get a fixed price on a new boiler on finance, with no interest, get a quote online.
With interest boilers, you'll get exactly that. Boiler finance is in the form of a loan from a bank or lender, where you won't pay a penny of interest over a set term.
Interest-free boiler finance summary:
No deposit is required on the new boiler pay monthly scheme.
Make boiler financing overpayments at any point
Clear the balance at any point
Pay monthly over 12 - 48 months on selected boilers
If your radiator is cold at the bottom, it may be a sign of a faulty boiler valve, in which case getting your new boiler replaced may be appropriate, check out the Worcester Bosch Greenstar 30i, which you can purchase through us.
Interest-free boiler finance examples (with our most popular boilers):
Worcester Bosch Greenstar CDi Compact:
Fixed prices from £2,095 (get your quote online)
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
0% | £0 (0%) | £2,095 | 2 Years | £87.29 | £0 | £2,095 | |
0% | £1,047.50 (50%) | £1,047.50 | 2 Years | £43.65 | £0 | £2,095 |
Viessmann Vitodens 100 Boiler Payment Plans:
Fixed prices from £2,130 (get your quote online)
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
0% | £0 (0%) | £2,130 | 2 Years | £88.75 | £0 | £2,130 | |
0% | £1,065 (50%) | £1,065 | 2 Years | £44.38 | £0 | £2,130 |
*new boiler finance examples are to be used for illustrative purposes only. Get a finance quote online for final figures.
Boilers on Finance - FAQs:
Who can apply for boilers on finance?
Anyone over the age of 18 can apply for a new boiler pay monthly plan.
It’s why 17-year-olds can’t stop talking about finally buying the two B’s: beer and boilers.
Not only is there a minimum age for boiler finance applications, but there's also a maximum age.
You'll also need to have been a resident in the UK for at least 3 years and obviously have some means of earning money (either via employment, or some type of benefits/allowance).
If you choose to apply for a finance plan online via Heatable, you will also be asked to provide a valid UK passport or a valid driving licence, as well as a utility bill dated the last 3 months of the boiler finance application date.
This way we can make sure your ex doesn’t order you twelve boilers as she did with the pizzas last month.
So in summary, you will require the following to make your boiler finance application:
A valid passport or
A valid UK/EU driving licence, plus
A valid utility bill dated within the last three months (must be in the name of the applicant)
Which boilers are available on finance?
We offer boiler finance or pay monthly deals on all our boilers whether that be a combi, system or conventional (heat-only) boiler.
Is Boiler finance available in Scotland?
Yes, if you live in Scotland, you are able to apply for boiler finance just like any other part of the UK.
Heatable also operate and installs boilers nationwide, including Scotland, England and Wales.
Is it worth getting a boiler on finance?
If you would prefer to avoid to upfront costs of a new boiler installation and would instead like to pay for it over several years, boiler finance offers exactly that option.
Alternative ways to pay for your boiler
Pay for your boiler in full
If you are ineligible for boiler finance, then we do offer you to pay the total amount in cash or card prior to your installation date.
What's included when getting a new boiler on finance?
All our new boilers (whether paid for via boiler finance, or not) are fully installed by a Gas Safe engineer as standard, as well as this, you will receive the following extras as part of your boiler package:
A wireless thermostat – for maximum control. There are optional upgrades to smart thermostats too.
Boiler filter – for maximum protection from sludge and corrosion.
Chemical cleanse – to improve water quality, a leading cause of corrosion.
Flue kit – a must-have for any new boiler installation, obviously.
Want to save money and energy on your heating bills? If so, you should consider installing one of the best smart thermostats.
Will the new boiler on finance be of the same quality?
Getting boiler finance means you'll secure the same quality as one paid with cash directly - we don't cut corners.
The method you choose to pay for the boiler has no bearing on the service or boiler quality.
You will receive the same warranty protection for the same period and the same quality of boiler, whether you opt for a Worcester Bosch, an Alpha boiler or a Viessmann boiler.
A new boiler can save you money - what...how?
If you have an old boiler that is no longer covered by a warranty and is incredibly inefficient when compared to newer models, you are very likely to reap the financial rewards of acquiring a new boiler.
Related reading:
A New, Long Warranty
Securing yourself a new, modern boiler means that you are also covered by a warranty (sometimes as long as 10 years), meaning if the components fail or experience problems, the manufacturer will cover the cost of a repair and if necessary a complete replacement.
If you stay with an old boiler, then it’s more likely to break down and since it’s no longer covered by the warranty, you need to consider how much that may end up potentially costing you.
An engineer’s call-out charge, plus the parts to repair your boiler can easily end up costing several hundred pounds.
If you need help determining who offers the best combi boilers on the market, we have an ultimate guide on this, or you can simply use our quick calculator to find out which boiler is best for your home.
New Boilers on Finance Benefits
Increased Energy Efficiency
New boilers are far more efficient than the boilers of yesteryear, meaning they are better able to utilise the heat they generate and produce less waste.
In practical terms, this means you use less energy in comparison, helping you to reduce your energy consumption and as a result save more money.
For example, if you replaced an old G-rated gas boiler with a modern A-rated gas boiler, you could save as much as £445 a year on your fuel bill.
As you can see, there are significant potential savings3 to be made from replacing an old boiler.
Boilers on Finance - Final Words
Apply for boiler finance today, and we could be fitting your new boiler tomorrow.
Here are some other reasons to get your boiler financed from Heatable:
We are a Which? approved installer
Gas Safe installation within 24 hours
Thousands of happy customers – an average score of 4.9 on Trustpilot (that’s better than the market leader).
Price match guarantee – if you find a cheaper quote, we will match (must be like for like)
Multiple payment options - interest-free available
10-year guarantee
Fixed price guarantee – no hidden costs
Save your quote until later
Use this clickable form to get a fixed price on the screen instantly.
Heat Happy.
[1] These are estimated figures based on installing a new A-rated condensing boiler with a programmer, room thermostat and thermostatic radiator controls (TRVs) in a gas-heated home from an older boiler with a programmer and room thermostat. Savings will vary depending on the size and thermal performance of your home. Figures for England, Scotland and Wales are based on fuel prices under the Energy Price Guarantee running from April 2023 to the end of June 2023.
Heatable Ltd (Company No. 08804726) is authorised and regulated by the Financial Conduct Authority (FRN: 805259) as a credit broker (we are not the lender) and introduces loans from its panel of lenders. All loans are subject to lender approval process and credit scoring. When applying for loans, you should always make sure that your monthly payments are affordable as, if you don’t make the monthly repayments on time, your credit rating and your ability to access credit in future may be negatively impacted.
