Typical loans and marine mortgages rage from £15,000 to £350,000 and repayment terms range from two to seven years in length. Interest and repayments are fixed through the term of the agreement. The minimum typical deposit required is 10%.
Should you wish to apply for a Marine Mortgage, please enquire here.
Choose your new or used boat. Then fill in our enquiry form and we will get in touch. We’ll also need to see Bills of Sale going back at least five years and a Hull Identification Number (HIN). Only boats that can be registered on the UK’s shipping register are eligible for a mortgage.
Under this agreement the client will pay a fixed number of loan repayments over a fixed period of time, along with fixed interest charges.
We’ll pay the loan advance to you or your boat broker.
Choose between one and seven year repayment terms.
Your repayments can vary in line with your seasonal
income. Business customers only.
Where coastal boats which are not liveaboards are concerned a final balloon payment can dramatically reduce your monthly repayments.