Boiler Finance Options – Affordable Monthly Payments with Fletcher Heating & Renewables Ltd

This is completely up to you to decide. Kanda allows deposit between £0 and 50% of the total value

Payments will normally start 30 days after the job is completed and you sign off on it. You will be able to speak to the lender and choose your preferred first-payment date during or after the application.

Yes. A lender will run a credit check when you submit your application. This only affects your credit score if the job is completed and repayments begin (they call this a hard credit check). If you cancel or are declined, only a soft credit search is recorded and the outcome is not shown on your credit file.

Applying for finance doesn’t guarantee approval. Lenders use a mix of positive and negative indicators to evaluate each application individually. However, here are some basic requirements. You must:

• Be 18 years or older and below the lender’s upper-age limit at the end of the loan term (limits vary by lender, usually 75–85 years).

Example: if you are 82, you may choose a 1- or 2-year term, but not a 5-year term.

• Be a UK resident for at least 3 years

• Own (fully or jointly) the property if the work is a home-improvement project (e.g. boiler, solar, loft conversion, etc.). Tenants should ask the landlord to apply.

• Have a good credit history

• Meet the lender’s minimum income (typically ≥ £1,000 p/m). Pension income counts; most state benefits (incl. Universal Credit) do not.

No. Finance applications are individual, make sure the applicant’s with the best credit history applies. Some lenders may also evaluate the household income, but joint applications are not currently supported.

Applying for finance doesn’t guarantee approval. Every lender on Kanda’s panel uses its own confidential scoring model that blends information you provide with data from credit-reference agencies. Even if you meet the basic requirements (age, residency, income, property ownership, etc.), a lender may still decline.

Kanda is a finance broker, independent of us and the lenders they partner with, and has no influence over the approval decision.

Below are typical factors lenders weigh up. None of these alone decides the outcome, but they give an idea of what might help (or hurt) an application:

Positives;

• Homeowner

• On the Electoral Register

• No missed payments on current accounts

Negatives;

• Large borrowing relative to income

• Adverse data (deafults,arrears)

• County court Judgements (CCJ’s)

Yes. You’re entitled to request a manual review of the lender’s decision. For data-protection reasons, only you (the applicant) can do this — neither the retailer nor Kanda can act on your behalf.

1. Understand who the lender was on your application and locate their contact details

2. Ask for a manual review and be ready to provide additional documents if requested (e.g. payslips, bank statements).

Don’t know which lender handled your application? Get in touch with Kanda support team:

Email: help@kanda.co.uk or Call: 0330 818 7500 and we’ll tell you which lender to contact.

Once approved, your agreement remains valid for 6 months. The project needs to be completed and signed off within that timeline. If both parties agree to cancel the agreement (e.g: no work has begun, and you changed your mind about it, or decided to pay cash instead of taking finance) please contact Kanda’s customer support right away. They will help arrange any necessary changes with the lender. Finance agreements can also be cancelled within 14 days from the approval by contacting Kanda or the lender.

Yes. You can overpay or settle your loan in full at any time. When the payments are settled early, the only additional fee you pay is up to 58 days’ interest on the outstanding balance (this is a standard rule under UK consumer-credit law).

Example:

If your monthly payment is £100 and roughly £10 of that is interest, settling early would cost about two months of interest (≈ £20). All future interest is waived. To do this, contact the lender for an early-settlement quote and payment instructions.

Kanda is a credit broker set up by ex-tradespeople and entrepreneurs, on a mission to help homeowners access finance without the burden of lengthy and difficult finance applications. Find out more about them here.

• 📧 help@kanda.co.uk

• 📞 0330 818 7500

Kanda’s support team will be happy to guide you.