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Marine finance

Close Brothers Aviation and Marine are one of the leading providers of marine finance, offering fast, tailor-made finance to our customers, combined with more than 20 years of experience financing a wide range of vessels.

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

We have been in existence for over four decades after first opening our doors in 1976. The business initially focussed on aviation finance, expanding into marine finance over 20 years ago. Since entering the marine market, our team has helped customers purchase hundreds of vessels for use in the UK and Europe.

Why choose Close Brothers Aviation and Marine?

Just as no two businesses are the same, neither are asset finance providers. With us, it’s the combination of our people, products, and principles that make the difference. Close Brothers Aviation and Marine are part of Close Brothers, a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. Close Brothers Group employ over 3000 people, principally in the UK and are listed on the London stock exchange.

A leisure motorboat

Leisure marine

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

Superyachts

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)

Our people

As you would expect, our people are experts in marine finance. With decades of experience, our team really understand the complexities of buying and owning a yacht. You can rely on them to be a consistent and proactive point of contact, on hand throughout the life of the finance contract and beyond, building lasting relationships. Our people are passionate about the marine industry and have a deep understanding of both our customers needs and the complexities of yacht ownership. We are active members of the British Marine Federation and Superyacht UK.

Our Products

We don’t provide standard packages, we consider all relevant aspects of your operation and then create tailor made, flexible repayment schedules to suit. Our asset finance enables you to invest in new vessels or refinance existing vessels to make them work harder for you. We do not need an existing bank relationship, nor do we need to take assets under management. Our typical minimum advance is £65,000.

Our principles

We are committed to helping our customers make the right financial decisions. We base our lending decisions on the overall financial health and plans for the ownership of the vessel – not just a credit rating. But we’re careful lenders too, a decision that fails to take account of risk factors is not in anyone’s interest.

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.