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Leisure Marine Finance

Flexible finance for your leisure boat purchase

Representative 5.5% APR variable

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.

Security may be required.  Product fees may apply.

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.

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.

Balanced payment plan

A balanced payment plan fixes your monthly repayments for the agreement's duration. However, if there are changes in your interest rate, then the mortgage period will vary.

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.

Helpful information

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

A balanced payment plan fixes your monthly repayments for the agreement's duration. However, if there are changes in the base rate, the mortgage period will vary.

Get in touch

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