Want to buy a barge... how does it work for

Deals_2

a mortgage for this..? thanks in advance for any advice!!!

Wutang_2

you need to speak to a whole of market barge mortgage adviser

Deals_2

mortgages? anyone any tips. will do a search otherwise in google. thanks so far for help. regards

Wutang wrote: »

you need to speak to a whole of market barge mortgage adviser

koexelek

Not something a convential lender would do on a mortgage.
You could borrow up to £25000 unsecured though.

I would say the best starting point is the people who sell the barges.
They would probably know who would offer finance on them.
i believe that their are companies out there who offer secured borrowing on boats, but it is not an area I have any personal experience of

Deals_2

mean by unsecured lending. thanks in advance.

koexelek wrote: »

Not something a convential lender would do on a mortgage.
You could borrow up to £25000 unsecured though.

I would say the best starting point is the people who sell the barges.
They would probably know who would offer finance on them.
i believe that their are companies out there who offer secured borrowing on boats, but it is not an area I have any personal experience of

Wutang_2

Unsecured lending on a barge is when you don't use an anchor

maninthestreet

I suppose at least you won't have worry about flooding any more. On a more serious note, the cost of mooring one of these boats can be a significant expense.

payless

search on marine mortgages

for example http://www.bankofscotland.co.uk/marine/finance-options/marine-mortgages/


although you may want to compare them to personal loans also

Leon_W

As payless mentions, there are a few lenders that will do this. It can get quite complicated so it would probably be wise to get a broker on board (excuse the pun) as it should ease things along a little better.

Can't say I've done hundreds of marine mortgages but the odd couple I have ended up with Barclays Marine.

http://www.barclays.co.uk/marinefinance/