UK households have paid out more than £725 million in unexpected boiler repair bills in the past year, according to data from uSwitch.com.
Nearly a fifth of consumers (17%) – the equivalent of over four million households – have experienced at least one boiler breakdown in the last 12 months. The research found that the average cost to repair a boiler breakdown was £245, adding up to a collective cost of £725 million. However, 4% of those experiencing a breakdown faced a repair bill that exceeded £1,250.
To cover the cost of an unexpected boiler breakdown, nearly half of households (48%) say they would rely on their savings. However, 3.5 million (13%) say they would have to rely on credit cards or take out a bank loan.
Shona Eyre, Energy Expert at uSwitch.com, said: “Boiler breakdown can be a real-life nightmare for many families, and the temperamental British weather doesn’t help matters. It’s not just the financial impact of having to fix a boiler, having to go without hot water and heating for any length of time can be a huge hardship for many families.”
If you'd like to keep up-to-date with the latest developments in the heating and plumbing industry, why not subscribe to our weekly newsletters? Just click the button below and you can ensure all the latest industry news and new product information lands in your inbox every week.