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If there is one thing we all love it’s the thought of some money back when we have to fork out for an expensive home improvement purchase. Boilers certainly fall under the category of ‘expensive’, with many costing well over a £1,000 – and that’s without the cost of installation!
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This time of year, it’s not unusual for boilers to break down in rental properties – and need replacing as a result. Landlords in London now have the opportunity to take advantage of the London Boiler Cashback Scheme to help fund their purchase.
First Come – First Served
Landlords accredited with the Mayor of London’s Rental Standard can apply for a £400 cashback credit when they invest in a new boiler for one of their properties. This, in conjunction with a current British Gas offer that also promises £400 cashback, is not to be sniffed at. The catch is that the scheme is being run on a first come-first served basis, so you can’t afford to hang around too long.
Boiler Cashback Scheme Rules
The rules of the scheme are relatively simple:
Any oil, LPG, solid fuel or gas boiler being replaced must be 70% or less efficient / G rated, currently used to heat the property, and be in working order
The replacement boiler must be A rated or a low carbon/renewable energy product
The new boiler must be fitted by a Gas Safe engineer or engineer accredited by another scheme such as OFTEC
Landlords must give details of the boiler to be replaced, plus the proposed heating engineer, when they apply for a voucher, which is then valid for 12 weeks. Once the work has been carried out, proof must be sent, along with the voucher, so the cashback can be approved.
