0% Bulk-Buy Fuel Loan Scheme From Somerset Councils

Spread the cost of heating your home this winter

If you are one of the UK’s 1.3 million+ households which have a heating oil tank, or you have another off-gas heating system, you may be interested in the bulk-buy fuel scheme funded by Somerset Councils.

The scheme offers an interest-free loan (Representative 0% APR) over six months and is delivered by not-for-profit lender Wessex Resolutions CIC.  The loan enables 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.

To apply 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.

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.

If you have any questions, please do not hesitate to contact us.  The office is open 8.30am to 4.30pm, Monday to Friday.

For further details, click here: Somerset Councils Bulk Buy Fuel Loans A4 poster or call Wessex Resolutions direct on 01823 461099, email enquiries@wrcic.org.uk or visit www.wessexresolutions.org.uk

Representative Example of a Somerset Bulk-Buy Fuel Loan

Interest is fixed throughout the loan at 0%.   Representative 0% APR.

Loan

Amount

Monthly repayment amount Number of Monthly Payments Total amount repayable
£200.00 £33.33 6 £200.00
£250.00 £ 41.67 6 £250.00
£300.00 £ 50.00 6 £300.00
£350.00 £ 58.33 6 £350.00
£400.00 £ 66.67 6 £400.00
£450.00 £ 75.00 6 £450.00
£500.00 £83.33 6 £500.00

Wessex Resolutions CIC is a not-for-profit organisation and a Responsible Finance Provider.  Established in 2003, we work in partnership with 20 local authorities across the South West to provide council subsidised loans to homeowners and others for a wide variety of reasons.  To date, we have recycled over five million pounds of local authority funds for the benefit of future clients.

Wessex Resolutions CIC: your community lender in partnership with your local council.

Wessex Resolutions C.I.C.: a community interest company limited by guarantee, registered in England, company number 4512225.  Registered address: Heatherton Park Studios, Bradford on Tone, Taunton TA4 1EU.  ‘Wessex Loans’ and ‘Wessex Home Improvement Loans’ are trading names used by this company.  Wessex Resolutions C.I.C is authorised and regulated by the Financial Conduct Authority (675263) for credit and debt-related regulated activities.