This loan is for advances of up to £25,000. It is simple and quick to arrange and no security is required. Moreover, British Registration of the vessel is not mandatory. You could borrow 100% of the total price with a repayment period of up to 10 years.

Marine Mortgages are secured on the vessel and you would normally pay a 20% deposit. Payments can be spread over 10 years, or up to 15 years in certain circumstances. An Even Spread payment plan enables you to have a loan with interest rates linked to Finance House Base Rates (FHBR) and charged on the day-to-day outstanding balance. Your payments remain fixed and known for the whole term by assuming that the FHBR will remain at the rate agreed at inception. In reality it will vary during the loan period - this is taken care of by extending or reducing the repayment period to compensate for any variance.
There are no penalties for additional payments of capital which will shorten the repayment period and save you interest. There is no penalty for settlement in full (I.e. if you sell the boat and repay the loan) unless this occurs during the first six months

Marine Mortgages are secured on the vessel and you would normally pay a 20% deposit. Payments are spread over 4 to 15 years depending on your circumstances and how long you plan to keep the boat. A baloon final payment or without penalty early repayment enables you to trade on or out as necessary.

Lease terms are available for UK citizens wishing to keep their boats overseas and maybe charter their vessels as a business or to offset running costs. Tax advice and early consultation is essential since terms and scheme management will vary depending upon each ownwers circumstances.

The Finance Company will register a charge on the vessel as their security if a marine mortgage is used; it will therefore need to be British Registered. The registration costs are your responsibility but we will be pleased to advise on registration procedures, insurance and valuation. Boats must be comprehensively insured by you with an approved company.

The Finance Company may insist that the boat you are buying is surveyed by a qualified professional. The survey costs will be your responsibility.

Follow the links below for up to date rates and terms - prices and rates will vary between providers and these figures are a guide only.

Finance is provided subject to status and written quotations are available on request. Applicants must be 18+ and UK residents. Security over the vessel may be required. The APR will vary, depending on the amount and period of your loan. Certain craft may be excluded or have limited repayment periods. All figures correct at time of print. Finance information is available in alternative formats, please write for details.