At Arkle we are experienced in working with marine finance solutions, and are particularly experienced in dealing with inland waterway (narrowboat/barge/widebeam) boat purchases. For those who seek to get away from it all for a leisure break, owning a narrowboat or widebeam is undoubtedly a relaxing and enjoyable holiday.
Modern narrowboats are a far cry from the damp and cold boats of yesteryear; instead they can offer luxury, yet cosy, cruises down beautiful waterways. They allow you to move up and down the country at will, enjoying nearly 2,000 miles of rivers and canals. It’s no surprise that there are more narrowboats on canals today than ever before.
For those looking to run a canal boat business, a new boat could make the cash begin to flow. You may own a boat yard and rent out narrowboats, or provide tours of the canals with yourself at the helm. But doing business on a boat doesn’t limit you to tourism – you could set up an art gallery, a café or takeaway, a jewellery or clothes store, or even a salon. What better way to add a little quirkiness to your new venture than to ditch the bricks and mortar and opt for floating on the water?
Where to start with financing a narrowboat?
If you are looking at buying a boat for yourself or for your business, you will most likely have a ton of questions on everything from mooring to insurance and surveys to maintenance. You’d probably even like a bit of guidance on how to make sure you buy a good boat with all the correct ownership related documentation. Having the correct documentation from the previous owner is really important when you come to sell your boat at some point in the future.
We know and understand the amount of information there is to consider and how important the purchase and financing of the chosen boat is to you and your family. There are a surprisingly large number of factors to consider, particularly if you are buying your first boat. At Arkle we can help you with all of these considerations before providing you with a marine finance solution that will allow you to buy the boat of your dreams. Please be aware that we do not offer finance for residential boats.
Narrowboat, barge & widebeam finance from Arkle
Our friendly account managers, who are marine finance specialists, are able to talk through your questions and your current situation with regard to your boat purchase. We’ll take the time to understand and find out more about you and your plans, before offering finance that meets your personal needs. We also promise to talk in a language you understand and our ethos is to put you, our customer, first.
To speak directly to one of our specialists please call us now or follow the instructions below.
Next Steps
To get started you can explore our marine finance options below, which include personal loans and marine mortgages, with flexible repayment options up to seven years. Here you can submit a request for a quote. Alternatively, you can call us or enquire online and we will get back to you quickly. Subject to providing Arkle with the required information we aim to provide you with a lending decision within 48 hours.
Refinance Options
If you already own equipment, Arkle Finance can help you with any refinancing you may need. Refinance is a finance facility offering a quick way for you to access the value of your asset and spend the money where you really need it. For example, you may need to carry out some refurbishment or maintenance work on your equipment or transportation. Refinancing this equipment allows you to unlock the finances you need to carry out this work. If you would like to release equity in an asset nearing the end of its finance agreement, contact us to find out more about the refinancing options we offer.
