A canal boat mortgage?

lucifersangel87

hi all,

This is my first post so hello to everyone. I was pointed here by a good friend (Sar, if you know her).

Anyway, i was wondering if any of you were aware of a way of getting a mortgage on a canal boat. I'm pretty sure I read about a Marine Mortgage somewhere, maybe with Lombard?

I'm a 22 year old Graduate, looking at a £17,000PA salary within the next few months and i have wanted nothing more in my whole life than to live aboard a canal boat.

Any advice is welcome. Thanks

Martin

brettarider

Pop into WHSmiths there are mags about canal boats etc that will have special brokers for this type of purchace or google search maritime mortgage.

good luck I'd love to live on one had an ex work mate who sold up his home and done just that was involved in the fitting out of the interior etc

Mrs_Bumble

Now I was going to say what Lender would be happy with their security floating up and down the country but I have just googled and

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

Looks like you will have to get a hefty deposit together!

I will watch with interest for other responses, as a narrow boat has always been a whimsical wish of mine!

1sue23

I live on a narrow boat and I must say it is a great life , but it is not for everyone is it possible for you to hire a boat for a week to see how you get on .
The other thing to remember is that before getting a boat it is important that you get a mooring first and this is much more difficult than raising the finance for the boat .

koexelek

It's important to get the finance from a reputable and trustworthy firm.

After all, you would not want someone who trys to......


...... sell you down the river :rotfl::rolleyes:

maninthestreet

koexelek wrote: »

It's important to get the finance from a reputable and trustworthy firm.

After all, you would not want someone who trys to......


...... sell you down the river :rotfl::rolleyes:

Yes, you may well end up being up the creek without a paddle.

cassie42

I know a couple of people who are living on barges but they have down sized from a house.
A very important part is having a mooring, they are in short supply for as no point in buying one if you have nowhere to keep it.