Anyone know a better deal?

Iron_Dutchess

I live on a newly built Dutch Barge Iron Dutchess, I have a marine mortgage with RoyScot Larch (they were all that seemed available at the time). The interest rate is 9.5%, the loan amount was £60,000 for which I pay £626.53 a month. Is there a better deal out there that anyone knows of?

TIA.

payless

Not really my thing ( nice vessel ! though)

Obviously things like penalties need to be considered

Personal loans are cheaper but the amount allowed / term may not be suitable

Assuming you don't have a "land" property to offer as security , perhaps take a look at the major banks
for example
www.barclays.co.uk/marinefinance

Not saying they are the best - just found it looking around