Boat Loans, Marine Finance

Nicolle-Associates is approved by the Financial Conduct Authority as a licensed credit broker (Consumer Credit License number 589664).

Through relationships with partner firms we are able to provide finance for all types of leisure craft, from unsecured personal loans to marine mortgages.

Our combined experience has provided us with the breadth of knowledge to understand even the most individual requirements.

Whether it's a new or used craft you desire, if it sails or cruises, is large or small and virtually whatever the price, we could help secure you the funding you require to own the boat of your dreams.

Two typical, ten year finance examples on a two year old boat costing £200,000 are shown below:

EXAMPLE A - Straight repayment over 120 months:

120 months x £1,776.33 per month

EXAMPLE B - With a balloon:

119 months x £1,296.07 per month followed by 1 month x £80,000.00

For these examples, we have used the following assumptions:

Based on a 20% deposit (£40,000.00).

Advance - £160,000.00

10 year term.

Interest and capital paid monthly on the reducing balance on a variable rate basis.

No penalty for early settlement if settled after 6 months.

Lump sum payments can be made at any time without penalty.

Registration costs are done via our Registration Agent.

The quotes are based on FHBR (4.00%) plus 2.00%.

If you wish to discuss your requirements, please do contact us.