Image depicting marine finance

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 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 bespoke finance packages.  

Leisure marine

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

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

Leisure marine
Superyachts

Superyachts

Since 2007 we have provided flexible and discreet finance for superyachts based in the Mediterranean Sea.

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

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.

Commercial marine

Contact your industry specialist

020 8390 9444

Close Brothers Aviation and Marine

Wimbledon Bridge House
1 Hartfield Road
London
SW19 3RU

Send us an enquiry

We work in partnership with our customers

British Marine Federation

At Close Brothers 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 aircraft or to raise finance using existing aircraft as security.

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.

 

 

 

 

To find out how we can help, please contact us today.