Marine finance, mortgages and loans

For higher value craft a number of companies offer marine mortgages, secured against the value of the boat itself. This is usually restricted to boats over £25,000 in value, and particularly for high value vessels, the finance company will often require the vessel to be Part I registered, with their interest in the ownership recorded by the Registrar of Shipping.

For lower value vessels some finance houses also offer personal loans, at higher interest rates than marine mortgages, but without having the complication of Part I registration.