In my wider life in the UK, speaking to people associated with pianos (from a piano tuner, to school premises teams), it is often not worth the commercial expense to repair old pianos unless they are of particularly good quality or have some sentimental value.
There's a solution you can add to soften the hammers, but I don't know what chemical it is or how well it works since I haven't tried it yet; you can also needle the felt to fluff it up.