If you are one of the UK’s 1.3 million-plus households which have a heating oil tank or you have another off-gas heating system, you may be interested in our bulk buy fuel scheme funded by Somerset Councils.
Our bulk buy fuel loans are interest-free (Representative 0% APR) and enable eligible applicants to spread the cost of bulk buying home fuel over a number of months rather than paying out a large sum in one go.
Several factors can affect the cost of buying domestic heating oil including the increase in demand and decline of supply, conflict in oil-producing countries, exchange rates, weather and crude oil prices to name but a few. Frequently checking the price of domestic heating oil and not leaving buying oil to the last minute could help those who want to keep costs down.
People in Somerset may also be interested in joining the Community Oil Scheme run by Somerset Community Council which provides a collective approach to bulk buying resulting in reduced individual costs.
To apply for a Somerset Bulk Buy Fuel Loan, you must be either a homeowner or private tenant living in Somerset and rely on either oil, wood, Calor Gas or coal as your main source of home heating.
Interest is fixed throughout the loan at 0%
Representative 0% APR
Lendology CIC, your community lender in partnership with your local council.
Loans have a fixed interest rate and representative 0% APR and are subject to status. Missing future payments could affect your credit rating and ability to obtain credit in the future.
To find out more information about the loans that are available, please complete a contact form or call 01823 461099.