Choose the arrangement that suits your needs
Once you've decided on the boat of your dreams, financing it is the next step. As a specialist provider of marine finance, we can help.
Balanced payment plan
Monthly repayments remain fixed throughout the agreement. The estimated term of the agreement will vary according to fluctuations in the interest rate. As well as sterling, we can offer this in both euros and US dollars. This can be particularly favourable if you have an income in these currencies, as there is no exchange rate risk.
Interest Only Mortgages
If you have an increased deposit available, we can consider an interest only period. Your payments will cover the cost of interest only for a certain period - for example 12 months - with the facility then reverting to capital and interest repayments for the remaining term. The larger the deposit you have available, the longer the interest only period.
Personalised packages
Depending on the level of borrowing, we can consider a structured repayment mortgage tailored to individual cash flow requirements, or a balloon payment facility. In some circumstances we can consider a 15 year repayment mortgage which keeps the monthly repayments lower over an extended term. With the 15 year facility, the monthly payments are reviewed at the end of years 5, 10 and 14 and recalculated according to fluctuations in the base rate during that period.
