Marine Finance

Flexible finance for marine and leisure boats

Security may be required. Product fees may apply. Leisure boat finance is only available for business purposes to limited companies or LLPs.
Any property or asset used as security may be repossessed or forfeited if you do not keep up payments on any debt secured on it

Buying a yacht, powerboat or commercial vessel can be a big decision. That’s why our marine finance specialists are on hand to offer you the expert guidance you may need to support you through the buying process. We offer flexible finance, as well as technical and legal expertise.

Security may be required. Product fees may apply.

Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

Chattel Loan with Mortgage

You can use a ‘chattel’ - boats, commercial craft and other assets as security for a loan, once the loan is repaid the mortgage is removed.

 

Commercial vessels

Our specialist team are on hand to support your specific business needs. We offer deep sector knowledge and funding for vessels used in construction and infrastructure, renewable energy, oil and gas and more.

Buying a boat for leisure use

We have different types of marine finance solutions that can be used to buy a boat for leisure purposes. Both the size of the payments and the length of the agreement can be adjusted to suit your individual needs.

Security may be required. Product fees may apply. Finance is only available to limited companies or LLPs.

Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

 
 

Request a quote

Our specialists are here to guide you through the process. Whether you are buying a yacht for personal use or to charter, our experience in the sector means you are in good hands.

  • Our minimum loan is £100,000 for business agreements,

  • We do not lend against any residential vessels such as Canal boats and wide beam boats.

Why choose us?

  • Expert guidance & support

    Our experienced marine team can guide you through the purchase and registration process supporting you from quote to settlement.

    They can also help you review the vessel title paperwork before you complete your purchase.

  • Flexible funding

    Our flexible funding structures are tailored to suit you, with capital repayment holidays and longer repayment periods available on request. The repayment holidays and payment profile (flexible funding) is agreed upfront, it is not something that you can decide to do mid way through the term of the agreement.

    Security will be required over the vessel.

  • A wide range of boats

    We work with many leisure and commercial boat manufacturers and retailers and are experienced in funding a wide variety of marine vessels.

    Please speak with our specialist teams for more detail.

Frequently Asked Questions

  • Yes. We’re able to make payments for vessels in sterling, euros and US dollars. We can finance boats located in many countries, providing we can register them on a UK or UK territory register.

  • You can only buy your boat through a broker. We can help you do this.

  • New boats don't need to be surveyed. For used boats, you'll need a current out-of-water full condition survey and valuation, commissioned by you and undertaken by a marine surveyor. Always make sure your surveyor is of good standing and has professional indemnity insurance.

  • Normally, we only require the vessel to be fully British registered under Part 1 of the Merchant Shipping Act if it's to be kept outside UK waters; or if the level of advance is more than £100,000. For customers living in Scotland, we require Part 1 British Registration on all advances.

  • Your boat must be comprehensively insured with a UK insurer with our interest noted on the policy.