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Marine Finance can be either a Marine Loan or Marine Mortgage.

<strong>Marine Finance</strong> can be either a<strong> Marine Loan </strong>or <strong>Marine Mortgage</strong>.

Marine Loan's are often used for buying smaller boats, refitting, or purchasing extra equipment and Marine Mortgages are more suited to purchasing boats with a value over GBP 3,000 and can normally be up to 70% of the total value of the boat.

So for example if you are looking to finance a boat with a valuation of GBP 30,000 then you could usually finance up to GBP 21,000 with a marine mortgage.

Do you need more help with sourcing marine finance?

Our information sheet provides contact information for reputable lenders.