marine mortgages

simbr77

Hi,

my partner and i are currently looking to finance a live aboard house boat.

thus far ive only been able to find two companies who are able to do this,

Barklays (who are undergoing an internal audit) and Royscot Larch

the amount is 80000, and Royscot Larch have offered us a variable rate mortgage at 7.7%, with 25% deposit. (fixed would be 10.1%)

I'm aware that a boat is higher risk than bricks and mortar, and looked at a few personal loans which were even higher apr.

so basically am just trying to find out if this is a good deal or not, or if theres a better way to finance the boat.

any help much appreciated,

thanks

Simon

Trollfever

Do a search of this Board for marine.