Boiler question

[Bookishandblondish]

So my boiler has been given the terminal diagnosis (not surprising - its 17/18 years old) and am currently deciding what to do.

The house is not my lifetime home, but I'm not in a position to move for at least the next year if not more (just gone self employed) (and the uncertainty/Brexit palava adds to this).
I have the option of 5 year or 10 year guarantee; the additional cost is £400 (including installation costs). Friends think I should pay for the ten year/ my parents think 5 year. I'm quite tight moneywise at the moment whereas before, it wouldn't have been such a deciding factor.

If it helps, my house is probably worth £220-240K and is in pretty good nick (so buyers wont be expecting to do much more than paint). Does the ten year guarantee make a significant difference when buying?

Nope 5 years for me
Saying that most new boilers dont seem to last for 10 years
Is the guarantee assignable

It's only worth prioritising the guarantee if you pay to have the boiler serviced each year as this is normally a requirement.

It depends what the guarantee covers.

Some manufacturers (for example Viessmann) give a longer guarantee if you have the boiler fitted by one of their approved installers.

Mine came with a standard 10-year guaranted against corrosion of the heat exchanger, but since it is stainless steel (the reason I bought it) not much chance of that happening anyway. It's now 13 years old. I have no connection with the company other than as satisfied customer.

Some people I say that combi boilers are not very reliable or long lasting. Others say they've got lots inside them to go wrong.

As noted by PPs:

1. to maintain the warranty you probably need to have it serviced by an authorised person every year
2. you need to check whether the warranty is transferable to the new house owner if you sell

TBH you should probably have your boiler serviced every year anyway, I'm considering the British Gas service plans as they cover the whole heating system, not just the boiler. I'd probably do that instead of the extended warranty.

Ok - so I do get it serviced every year.

Argh. Will check to see whether the guarantee is assignable.

Thanks

We had a 10 year guarantee because the extra cost was the same as a 10 year service plan. Peace of mind and modern boilers are never going to last even 10 years without breaking down.