Acquire funds using a Chattel Mortgage

Chattel Mortgage

Security may be required. Product fees may apply. Finance is only available for business purposes. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

What is a Chattel Mortgage?

A Chattel Mortgage is a type of finance agreement that enables you to use assets such as machinery, marine vessels or aircraft as security for a loan, once the loan has been repaid the mortgage is removed.

Chattel loans are common in everyday life, an example of a popular Chattel Mortgage agreement is a standard residential property mortgage, where the property is used as the security on the loan.

Benefits of a Chattel Mortgage

Flexible funding structures tailored to you

Asset value does not need to match the size of the chattel loan

You may be able to request payment breaks

You could draw down funds in instalments or a lump sum

Tax deductions may be available when assets are used for business

Could use any income generated by assets to repay loan

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

Chattel Loan Considerations

  • A charge is registered at companies house and any applicable asset registry
  • Aviation loans are for business use only
  • An Admin fee will apply
  • There may be a penalty charge for early repayment

What is Chattel Mortgage suitable for?

Although a Chattel Mortgage is typically suitable for use with marine and aviation assets it can be used to fund business equipment such as plant and machinery.

Marine finance

Funding for marine vessels

From commercial to leisure boats, see how our finance solutions could help you fund a wide variety of marine vessels.

Connections with manufacturers and retailers 

Experience marine team can provide ongoing support

Buy or lease funding packages available

Leisure Marine Finance is only available to limited companies and LLPs.

Aviation finance

Buy aircraft with confidence

We could help you choose an aircraft or give you a quote on an aeroplane, helicopter or jet you've already decided to buy.

Specialist advice from our dedicated aviation team

Tailored personal finance solutions

Ability to finance a broad range of aircraft

Machinery finance

Discover funding options

We have a range of specialist finance options for businesses equipment across manufacturing, materials handling or construction.

Specialist finance to suit individual business needs

Industry experts will help you find the right equipment

Ongoing support that adapts to changing business requirements

Get in touch

We can discuss Chattel Mortgage finance solutions and answer any questions you might have.