As a licenced provider of marine mortgages, we can help you by providing professional marine mortgage advice and guidance in all areas of the marine finance market.

Marine Mortgages are 'secured' on the boat and typically last up to a maximum of 10 years. We broker marine mortgages from £50,000 to £50,000,000.

With all our marine mortgages a minimum customer deposit of 20% is required. In the case of Super Yacht Mortgages (typically boats more than 35 meters) a minimum customer deposit of 30% is required.

Marine Mortgages Explained

Fixed Interest Rate - (Minimum Mortgage £50,000)

We believe that we have sourced the best fixed interest rate marine mortgages in the UK. As an added bonus, with our fixed interest marine mortgages you can inject lump sum capital repayments at any time, or settle your marine finance mortgage in full at any time without penalty (subject to a £100.00 administration fee).

We do not believe any other UK marine financier can currently quote a fixed interest rate for the full term of a marine mortgage.

Balanced Payment Plan  - (Minimum Mortgage £50,000)  (Fixed Monthly Payments)

The balanced payment plan marine mortgage is one of the most popular marine mortgages available. This boat mortgage is linked to Base Rates, and monthly repayments are fixed and stay the same for the entire period of the marine mortgage. Fluctuations in interest rates will change the estimated length of the marine finance agreement so if rates fall, then the marine mortgage will be repaid early and if they rise then it will repaid later.

Deferred ‘Balloon’ Payment

The balloon payment mortgage enables you to significantly reduce your regular monthly mortgage repayments by deferring some of the marine mortgage to the end of the marine finance term. The one off 'balloon' payment is settled at the end of the marine mortgage term.

If you wish to settle your marine mortgage early, there is no penalty. In addition, you can also pay in lump sums at any time (both subject to a fixed £100 admin fee for each capital repayment).

This type of marine finance is attractive if you plan to sell your boat before the balloon payment is due or you would like to have a higher specification boat for a lower than normal monthly payment.

Low Start Interest Only

As the name suggests, a low start marine mortgage gives the option of lower monthly repayments in the early stages of the marine mortgage period. Generally this facility is limited to the first three years only. In the following years monthly repayments then increase slightly annually, in order to ensure that full repayment is achieved over the agreed boat mortgage term. A variation of this type of marine mortgage is the interest only option. In this case, only the interest on the capital is repaid in the early years, and none of the capital, which equates to lower monthly repayments. Following the interest only period, then monthly repayments increase annually to allow for repayment of both the interest and the capital within the agreed term of the marine mortgage.

Variable Rate - (Minimum Mortgage £50,000)

Variable interest rate marine mortgages are linked to a bank base rate with customer repayments moving up or down in line with fluctuations in interest rates. With variable rate marine mortgages lump sum repayments can be made at any time with no penalty. From this point, the interest charge will be based on the reduced balance. However, the term of the marine mortgage will remain fixed as any interest rate variations are accounted for with higher or lower repayments.

You can make lump sum repayments at any time with variable rate marine mortgages without penalty. If you pay in a lump sum, it will be credited to your account the day it is received. From this point, your daily interest charge will be based on the reduced mortgage balance.

Tailored Loans

Depending on the level and term of borrowing, we can consider a structured repayment marine mortgage tailored to individual cash flow requirements.

If you require any further information at all regarding marine mortgages, please do not hesitate to contact us by email, telephone or fax.