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Commercial marine

Get help to buy the vessels your business needs

Why finance a commercial vessel with us?

We can provide marine finance for commercial vessels to companies registered in the UK.

We're also able to provide funding to well established companies registered in Western Europe (e.g. the Netherlands, Germany, Scandinavia) and to recognised vessel operators with experienced management teams and UK offices or subsidiary companies.

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.

Flexible funding

We could tailor a funding structure to your needs: we offer debt or leasing, including on or off balance sheet. Security is required over the vessel.

Specialist team

Our specialist commercial marine finance team are experts in the field, making them perfectly placed to support your purchase.

Ongoing support

Get help with scheduling inspections and classification requirements from our in-life management team. You'll also have access to a qualified marine surveyor.

Finance option

Use a ‘chattel’ - boats and other assets as security for a loan, once the loan is repaid the mortgage is removed.

Brief funding summary

We finance a wide range of commercial vessels: from wind-farm boats to general cargo ships. Our solutions include fixed rate or fixed capital repayment mortgages with variable day-to-day interest.

Summary of our terms

  • Minimum advance: £250,000.
  • Minimum deposit: between 25% and 40%.
  • Maximum term: 10 years.
  • Maximum age: depends on asset class.
  • Maximum loan to value: 80% of market value (or cost if vessels are new and from recognised manufacturers).

  • Currency: sterling, US dollars and euros.
  • Interest rates: competitive.
  • Compliance: all commercial vessels must comply with the certification requirements of that vessel type.
  • Registrations: vessel must be fully British registered with agreed Red Ensign territory.
  • Pre-delivery funding: available subject to an acceptable security package such as a bank or refund guarantee.

Get in touch

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