Buying and installing a brand new boiler is expensive and that is why most people do not upgrade their boiler until it stops working. Experts always recommend that one should consider upgrading their boiler once it is more than 15 years old. Your boiler might shut down suddenly on one fine day and your family will be left unprotected. If the boiler breaks down during a cold winter day, then you should replace it with immediate effect to safeguard your family. Not everyone can afford a new boiler immediately and that’s where boiler finance comes to your rescue.
Most of the boiler finance companies in the UK offer 100% finance for buying a new boiler. Whenever your boiler breaks down, you can instantly buy a new boiler without any upfront payment. You can ask for boiler finance from the same person who is selling the boiler. You just need to fill a simple form and submit the required documents for eligibility check and approval. Once approved, your loan will be processed within a day or two and a new boiler will be installed free of cost. Your first monthly repayment starts only after one-month usage.
Flexible repayment scheme
Unlike a traditional mortgage loan, there are no fixed monthly payments. Boiler finance companies give you the flexibility to decide the monthly installment that you can pay. You can analyze your income and liabilities and come up with an affordable monthly installment amount. The minimum permitted monthly amount is £10 per month and there is no cap on the upper limit. We would recommend choosing a higher EMI as it would reduce the number of installments and also reduce the interest percentage. If you choose a lower EMI, then the number of installments will be higher and your interest outgo will be a bigger amount.
Lower interest rate
Boiler finance companies offer the most competitive interest rates in the industry. The rate offered is relatively lower than your credit card or mortgage interest rates and this is what makes boiler finance the most preferred choice for homeowners. The interest rate varies between 9-15% per annum. On some special occasions, the boiler suppliers in Doncaster offer a zero percent finance option with some terms and conditions. Do compare the interest rates offered by various boiler finance agencies before finalizing.
When you buy the boiler with boiler finance, then the finance company will also insure your boiler. This insurance is not the boiler cover which will pay for the repair charges. This is a different type of insurance which will pay back the loan amount to the finance company if the boiler breaks down suddenly. This is done to hedge their liability and it is beneficial for you. When there is boiler insurance and your boiler breaks down, you don’t need to repay the loan. This offers you total peace of mind. This is just one more reason why we recommend boiler finance.
You can repay the loan amount in part or full as and when you prefer to do so. There is no pre-closure penalty levied.
Most of the boilers develop problems as they age. Boilers are generally well built and can last a lifetime but it is common for them to develop faults. During the initial years, you won’t notice any problems with the boiler but when used for a long time, faults become frequent. It is a well-known fact that boiler repairs can be expensive and complicated. You need to hire a trusted and reliable company to service your boiler problems or else you will be losing money. Before calling a heating engineer, you can try to fix the problems yourself at home. Here are some of the easy DIY tips to fix your boiler.
Adjust the pressure
Water pressure plays a crucial role in the performance of the boiler. If the pressure falls below the required threshold limit, then your boiler will become faulty. First, check the water pressure on the indicator which is located on the front side of the system. If the reading is less than one, then the pressure is very low. Pressure needs to be topped up to make the boiler work efficiently. Switch off the boiler and attached the hose to valves and open it. The water from the supply will start flowing into the system. Wait till the pressure reaches 1.5 and then close the valve. Make sure it is right and switch on the boiler. This is a simple step can be done at home easily as there are no tools required.
If the boiler stopped working all of a sudden and you have no clue why then one simple solution is to reset the system. Though it is highly recommended not to reset without professional assistance, it is worth the try. Resetting the system will help solve the problem if it is minor in nature. If it’s a complicated problem then resetting will not do any harm or good. Refer your official manual before planning to reset. You need to spot the reset button and press it for 10 seconds. This will reset the system and there is a high probability that it might start working again. If resetting doesn’t help you need to call a Middlesbrough boiler engineer.
The boiler might be working well but there could be a problem with the radiators. One of the most frequently reported a problem is the radiator is not heating up. If one or more of your radiators doesn’t heat up, there is no need to worry. This could be due to air build-up which blocks the free flow of water. This can be easily solved by the process of bleeding. Radiators which are cold at the top are potential candidates for bleeding. Turn off the central heating system and allow the radiator to cool off. Insert the radiator key to the valve and turn it in a counter-clockwise direction. This will release all the blocked air. Once done do adjust the pressure level to ensure proper function of the boiler.
Though the above-mentioned DIY hacks can save you money, it requires a lot of time and effort. If done wrongly it might cost you more.