Variable rate marine mortgages
With our flexible, variable-rate marine mortgages, you can make capital repayments at any time without being charged an early repayment fee.
Security is required over the vessel.
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Leisure Marine Finance
Flexible finance for your leisure boat purchase
Security may be required. Product fees may apply. Finance is only available for business purposes except where specifically indicated to the contrary. 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 payments on any debt secured on it
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.
To find out what suits you download our Marine Finance brochure below.
Balloon repayment
A balloon repayment is a lump sum payable in the last month of the agreement. The size of balloon payment may change depending on your interest rate fluctuations. However, choosing this option may lower your fixed monthly repayments.
Finance option
Use a ‘chattel’ - boats and other assets as security for a loan, once the loan is repaid the mortgage is removed.
Marine finance FAQ's
If you're considering using marine finance, chances are you'll have some questions. Browse our FAQs to read about some of the most popular topics.
Guides for buying new and used boats
Read our step by step guide to buying a new or pre-owned boat including useful links for surveys.
Danny Haywood
Director, Leisure Marine
Danny has worked in asset finance, corporate and commercial banking for 30 years with experience across a range of specialist sector lending roles.
Dealing directly with company directors, boat owners, family offices and finance brokers, Danny delivers bespoke marine finance solutions to customers for sail and motor yachts, superyachts, yacht construction finance and stocking finance for boat dealers.
Gareth Haynes
Assistant Relationship Director
Gareth has a diverse background spanning roles at NatWest and Lombard. Since 2018, he has been part of the Leisure Marine team, bringing his experience to the sector.
Suzanne Burton
Senior Relationship Manager
Suzanne has worked within asset finance at Lombard for 14 years in a variety of customer facing roles, the last 10 of which have been spent in the leisure marine team. She has a long history of supporting customers with marine finance for leisure vessels through careful structuring of deals and guiding them through the process.
Get in touch
Our team of Marine Finance 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.
We can discuss finance solutions and answer any questions you might have.