Finance Payment Options

We offer a range of flexible finance options to help spread the cost of your new installation, whether you need a new boiler, kitchen or bathroom or even a solar PV system, EV charger or air source heat pump.

Different ways to pay for your installations

When you choose your new installation such as a boiler, new kitchen or bathroom, air source heat pump, solar PV or EV charger, you can pay the whole amount in full if you’d like, we accept most debit and credit cards. Or why not spread the cost with one of our flexible payment options.

The following examples highlight the different methods you can choose from.

Finance Payment Options

You can have a brand new boiler, kitchen or bathroom, or even an air source heat pump, solar PV system or EV charger, supplied and installed and you can choose to spread the cost with one of these finance payment options:

If you choose to pay with finance, you’ll need to understand the three different options available to you:
  1. Spread the cost over 12 months at 0%
  2. Spread the cost over 5 or 10 years with a 13.9% APR representative
  3. Spread the cost over 15 years with a 12.9% APR representative
Our lender offers two types of finance:
  1. Interest Free Credit means that you can spread the cost of your installation over a set period of time without incurring any interest on it. For instance, if you buy a boiler for £2,500 the total amount you’ll pay over 12 months will be £2,500.
  2. Interest Bearing Credit is slightly different in that you’ll pay the lender interest on the money you borrow at the rate they set, over the period you’ve chosen.

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Finance Payment Plans

New Boiler, Kitchen or Bathroom Installation
Ways to Pay

0% Interest Free Credit

Representative Example – 12 month term:

Price: £2,500
Deposit: £500 (optional)
Total Loan Amount: £2,000
Monthly Cost: £166.67
Total Charge for Credit: £0.00
Total Repayable Amount: £2,500
Representative APR: 0.0%
Length: 12 Months

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13.9% Interest Bearing Credit

Representative Example – 60 month term:

Price: £2,500
Deposit: £500 (optional)
Total Loan Amount: £2,000
Monthly Cost: £45.59
Total Charge for Credit: £235.29
Total Repayable Amount: £2,735.29
Representative APR: 13.9%
Length: 60 Months

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13.9% Interest Bearing Credit

Representative Example – 120 month term:

Price: £2,500
Deposit: £500 (optional)
Total Loan Amount: £2,000
Monthly Cost: £29.96
Total Charge for Credit: £1,094.79
Total Repayable Amount: £3,594.79
Representative APR: 13.9%
Length: 120 Months

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Renewable Energy Installations
Solar PV, Air Source Heat Pumps and EV Chargers
Ways to Pay

12.9% Interest Bearing Credit

Representative Example of a Solar PV and Battery Installation – 36 month term:

Price: £9,500
Deposit: £2,375 (optional)
Total Loan Amount: £7,125
Monthly Cost: £237.47
Total Charge for Credit: £1,423.90
Total Repayable Amount: £8,548.90
Representative APR: 12.9%
Length: 36 Months

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12.9% Interest Bearing Credit

Representative Example of a Solar PV and Battery Installation – 60 month term:

Price: £9,500
Deposit: £2,375 (optional)
Total Loan Amount: £7,125
Monthly Cost: £159.36
Total Charge for Credit: £2,436.43
Total Repayable Amount: £9,561.43
Representative APR: 12.9%
Length: 60 Months

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12.9% Interest Bearing Credit

Representative Example of a Solar PV and Battery Installation – 120 month term:

Price: £9,500
Deposit: £2,375 (optional)
Total Loan Amount: £7,125
Monthly Cost: £103.21
Total Charge for Credit: £5,260.68
Total Repayable Amount: £12,385.68
Representative APR: 12.9%
Length: 120 Months

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Finance Eligibility

As with any finance purchase, the credit applied for will be subject to the individual’s application.

There are some criteria around your financial circumstances and borrowing that we’ll need to check with our lender and on the date of application, you must meet the Finance Eligibility Criteria*.

An eligibility check will take place before your application, this is a soft check and it will not appear on your credit file.

(*See below “Important Information – Am I eligible for Finance?”).

Eligibility Criteria:

  • Minimum age of 18 years
  • UK resident for more than 12 months
  • Own a personal bank account from which a Direct Debit can be taken
  • Owner / occupier
  • Permanent employment working a minimum of 16 hours per week, Self employed, Retired person on disability allowance, Unemployed and ‘house person’ (with consent of co-habiting working partner)

Unable to accept:

  • Unemployed without a spouse/partner in full time employment Temporary positions/Agency workers
  • Foster Carers without a spouse/partner who meets our minimum employment criteria
  • Child-minders who do not have a registered Créche/Nursery
  • Full Time Students (other than trainee nurses and doctors)
  • Supply Teachers who do not have a permanent contract with a specific school, we would possibly require the school name and address

Want to know more?

Speak to one of our friendly and knowledgeable advisers for further details of the finance payment options available.

 

Boiler and Heating Service Plan

We offer five tiers of cover, each one tailored to suit your budget and the needs of your home. With each level of service comes a higher level of cover and greater peace of mind.
From annual boiler servicing to home plumbing emergency and home electrical emergency cover, simply choose the plan that’s right for you.
Plans start from £8 per month

CHOOSE A PLAN

YOUR SINGLE SOLUTION TO PROPERTY CARE

Renewable Energy

SGS offer a range of renewable energy solutions, from Solar PV to air source heat pumps. So if you’re dreaming of a greener future, contact us now to find out what options are available to you.

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Property Care

For all your heating, electrical and plumbing needs SGS offer the Single Solution to Property Care in Salisbury and the surrounding areas. With a 24/7 emergency call out service, we’ve got you covered whatever the weather.

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Home Improvements

If you’re thinking of a bathroom or kitchen installation or upgrade, we offer a complete solutions service including design, product selection and installation giving you the space to relax, unwind and entertain.

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About Us

SGS Heating and Electrical Ltd, Company Number 03174152, registered in England and Wales. Financial Services Register Number 1000818 is an appointed representative of HomeServe Membership Limited. Address: Unit 4 Dolphin Industrial Estate, Southampton Road, Salisbury, Wiltshire, SP1 2NB.

HomeServe Membership Limited is authorised and regulated by the Financial Conduct Authority for its general insurance and credit broking activities. Financial Services Register Number 312518. Registered in England and Wales under Company Number 2770612. Registered Address: Cable Drive, Walsall, WS2 7BN. VAT registration No: GB 559669669

HomeServe Membership Limited is a credit broker not a lender. Shawbrook Bank Ltd acts as the lender.
If you choose a credit option, HomeServe Membership Ltd will not receive commission from Shawbrook Bank Ltd.

The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered. Access to finance is not guaranteed and credit is subject to status, affordability assessment and credit checks must be completed before the commencement of works. Minimum spend and eligibility criteria applies. A 14 day cooling off period applies to all applications. If cancelled within 14 days, no interest will be incurred providing payment is made in full of any outstanding balance by an alternative method.