Hello and welcome to this site which has been designed to help you find the best marine mortgages on the market, both more easily and also more cheaply. Whether you are seasoned boat owner, or a newcomer to the wonderful world of boating and yacht ownership, marine finance can be a little confusing, so in addition to helping you find a marine mortgage that meets your requirements, we have also provided several pages of additional information about boat buying, along with some of the other issues that you will need to be aware of when buying a boat. Even those owners who have purchased boats before, are often surprised at their lack of knowledge of how the marine mortgage works. After all, this will probably be the second largest purchase you ever make, so I hope you will find the following pages useful. If you would simply like a marine mortgage quote for a pleasure boat, then please just follow the link here (online pleasure boat marine mortgage quote) , and if it's for a live aboard mortgage, then please click here ( online live aboard marine mortgage quote). Both links will take you to a simple form which requires some basic details from you - we will then go out to the market to get you the best marine mortgage quotes available, and generally within a few hours!
Marinablu International Ltd is small specialist company, based in the UK, run by husband and wife team David and Anna. We take great pride in responding quickly to your requests for marine mortgages and boat finance, so you will always receive a quick reply, even if this is simply to acknowledge your enquiry. With several years experience in the marine finance industry, we are generally able to find the best marine mortgage deals, based on our contacts and knowledge of the market. We do not charge any fees for our services, and there is no obligation or cost involved, so you have nothing to lose! The company also offers boat leasing finance solutions for larger yachts, which can provide significant VAT savings - please just follow the link for more details of this marine finance solution.
So what is marine finance? - you may know it by a number of similar names such as boat mortgage, yacht finance, asset finance, marine mortgage or finance for boats. They all basically mean the same thing and in simple terms it's a way of financing a boat. Marine finance can either be in the form of a marine mortgage, or an unsecured loan. So what's the difference?
The question we are asked most often is, "what kind of boat can I buy using marine finance?". The answer is just about any type of pleasure boat, whether for sea or inland waterways, including wooden hulled boats. Some types of construction are simply not considered, such as Ferro, and the age of the vessel will always play a part in the finance decision, so please bear this in mind. If you're not sure please ask as we will always try our best to find a lender who will consider each application on its own merit. Marine mortgages can also be used for narrow boats and Dutch barges and this specialised area is covered in more detail later. Remember that in general marine mortgages can be arranged on boats whether they are based in the UK or overseas, so if you are planning to live, work or retire abroad, and take your yacht with you, this is generally not an issue.
Finally also remember that most marine mortgages generally have no penalties for lump sum payments which can normally be made at any time during the term of the loan. If you wish to pay off the mortgage in full, then again no penalties will apply, provided this is done after the first 12 months. Please check the terms of each marine mortgage which may vary slightly from lender to lender.
Let's now take a look at the various types of marine mortgages currently available in the market.
Marinablu International Ltd is an Introducer Appointed Representative of DeNovo Underwriting Agencies Ltd. DeNovo Underwriting Agencies Ltd is Authorised and Regulated by the Financial Services Authority (FSA)