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Marine finance

Our team of marine specialists use their extensive knowledge and expertise to support customers in fully understanding the processes and costs involved with boat ownership

We provide specialist finance for leisure motorboats and yachts, superyachts and a range of commercial vessels

Working in partnership with our customers, we spend the time getting to know individual requirements in order to create tailor-made finance packages.

A leisure motorboat

Leisure marine

We offer finance for a wide variety of leisure motorboats and yachts, including those that are used for charter.

We can finance motor or sail yachts - with a minimum loan of £65,000 - based in the UK, ranging from smaller day boats to family cruisers. Unfortunately we cannot offer finance for residential, liveaboard or narrow boats.

We can also finance vessels based in the Mediterranean, providing they have a UK owner and are valued in excess of £500,000.

Yachts in a marina


Since 2007, we have become a leading provider of flexible and discreet finance for superyachts, normally valued at up to £20 million. 

Superyachts we finance are typically over 30 metres in length and are usually registered on the British, Cayman Islands or Maltese registers.

A commercial boat

Commercial marine

We finance British registered commercial vessels, offering specialist services across a broad range of sectors.

We can finance wind farm support vessels, powered barges, tug boats, fishing vessels, work boats and other commercial vessels valued up to £20 million.

Contact us today

If you have any questions, please give a member of the team a call

Call us on

020 8390 9444

Lines are open
9:00am - 5:00pm Monday to Friday
(excluding UK bank holidays)

We work in partnership with our customers

We understand that every customer is unique, and this approach underpins the way we work. We specialise in creating bespoke finance packages, spending time getting to know our customers before proposing an appropriate and affordable solution that suits their needs, including deposit requirements, currency of loan and interest/capital repayments.

We are proud of our long history of developing, promoting and supporting the Marine industry in our capacity as active members of the British Marine Federation. Over the years, we have helped finance thousands of commercial and leisure vessels, purchased from across the globe.

Drawing on our experience and expertise, we are able to provide customers with a wide range of choice and work in partnership to ensure that we offer flexible lending terms to enable the purchase of a new vessel or to raise finance using existing vessels as security.

British Marine

Marine mortgages and registration

Finance facilities are structured by way of a marine mortgage over the vessel and we register the mortgage with the relevant marine authority.

We require UK vessels to be registered on Part 1 of the UK Ship Register and work closely with the Maritime and Coastguard Agency (MCA) to assist boat owners with the registration process. This process helps protect your ownership interest and can also provide valuable protection against fraud. In addition to assisting with the Part 1 registration process, we check that the vessel title paperwork meets MCA registration requirements. If a vessel is already Part 1 registered, we request a Transcript of Registry from the MCA to confirm if there are any existing mortgages registered over the vessel.

When lending to companies and limited liability partnerships (LLPs) we register a mortgage with Companies House. Appropriate guarantees and facility fees normally apply.

Download our British Registry factsheet for more information.

A marina full of boats

Close Brothers Aviation and Marine team

Andy Blundell

Andy Blundell
MD of Aviation and Marine

With 30 years’ experience in Asset Finance and banking, Andy has an in-depth knowledge of aviation and marine financing solutions for both corporate and personal clients. Andy’s high standards ensure clients of Close Brothers Aviation and Marine consistently receive the best quality service available.

Dominic Prisco

Dominic Prisco
Regional Manager

Dominic has more than ten years’ experience in Asset Finance and has been with Close Brothers since 2013. He specialises in assisting private and commercial clients to finance or refinance aviation and marine assets. Dominic has built many long lasting, successful relationships with customers within the aviation and marine industries.

James Crew

James Crew
Marine Sales Director

James has significant experience in the Marine sector, having spent nearly two decades funding leisure and commercial vessels, both at home and abroad, for a wide range of clients.  James' experience and passion for the marine sector will enable Close Brothers Aviation and Marine to continue to provide real expertise and value-added service.

Ian Halliday

Ian Halliday
Aviation Sales Director

Ian has more than 13 years’ experience in the Aviation sector, spanning both sides of the industry from a supplier perspective in addition to finance. Ian’s considerable experience for the aviation sector will enable us to continue to provide real expertise and value-added service to our clients, partners and the wider aviation industry.