Boat Mortgage Uk. With our marine mortgage calculator you can select how much youd like to borrow and how long youd like to repay your loan then once we have your credit rating well be able to calculate a. Promarine Finance is quick flexible and we provide a personal tailored finance solution for boat.
Exclusive rates from 460. The Lenders agent will register the Boat and the Mortgage and arrange the Tonnage Certificate required for registration of the Boat for a fixed fee to be advised by the Lender on the basis that the Boat is under 15 metres and is in the United Kingdom. Marine Mortgages are secured on the boat and typically last up to a maximum of 10 years.
Promarine Finance is a lender providing marine mortgages to finance boats with loans.
While its common to arrange boat finance straight from the seller you can also borrow from an independent lender giving you more flexibility when it comes to defining the terms of your borrowing but you should only borrow what you can afford to pay back. The minimum typical deposit required is 10. Its worth bearing in mind that canal boat mortgages typically have shorter terms than standard mortgages around 15 years is the norm though youll likely continue to come across both fixed and variable interest rates. Typical loans and marine mortgages rage from 15000 to 350000 and repayment terms range from two to seven years in length.
