Can I Get Finance?

Finance

Purchasing a narrowboat is a large investment and depending on your circumstances and budget, financing this purchase can be under taken in a variety of different ways.

A marine mortgage is just one of those ways.

There is half a dozen or so finance companies now offering flexible boat financing options on narrowboats. You’ll be able to spread the cost of your new purchase into manageable monthly repayments over a period of up to ten years.

But most do ask for a sizeable deposit, typically 20% of the value.

Beware, some will only offer finance if you are a leisure boater and not as residential boater.

Of course, this also depends on your personal circumstances.

 

The Boat Brokers are not members of the Financial Conduct Authority, and recommend you seek professional financial advice.