Guides

Marine mortgage explained

Posted on

Marine mortgage explained

With an increasing range of boat and marine finance options available, the dream of owning a boat has become more accessible to many more people. Marine Mortgage is a popular choice for those looking for funds to buy a boat. What is a Marine Mortgage A Marine Mortgage is a loan secured against the boat/vessel that you are purchasing. Different deals and lenders come with different terms and conditions, but Marine Mortgage agreements typically range from two to seven years, with the borrowed amount ranging between £15,000 and £350,000. Most mortgage agreements require a deposit of between 10% and 20%...

Read more →


Caravans – to lease or to own?

Posted on

Caravans – to lease or to own?

As things stand, with ever changing travel restrictions, the need to explore closer to home and constantly changing travel prices, the need to have a flexible, comfortable and affordable way to get away from it all is increasingly appealing. For many people, caravans fit this bill allowing them to explore the UK and Europe without the need to spend time planning ahead and purchase expensive accommodation in hotels or hostels. Caravan owns have the freedom to roam with all the comforts of home. But caravans are not cheap, with £15,000 being the lowest average price for new models, meaning it...

Read more →


How Marine Finance can help you afford a boat

Posted on

How Marine Finance can help you afford a boat

Owning a boat used to be the reserve of the rich, an unattainable luxury item. But there are now many Boat and Marine Finance options that can make a boat affordable within your budget. If you are asking yourself the question “can I afford a boat?”, the answer is now more likely to be “yes” than ever before. A wide range of boat loans and financing, often known as marine mortgages, are readily available and the process of getting finance for new or used boats is now straightforward. This post will help you understand the market for Marine Finance: Marine...

Read more →


Beat the deadline - be quick to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS)

Posted on

Beat the deadline - be quick to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme (CBILS) has been a welcome financial lifeline to many businesses during this time of uncertainty. If you have yet to benefit from the scheme to help fund a new business direction, improve your business or simply help keep the doors open you have to act quickly. CBILS ends on 30th September 2020 Aimed at supporting UK based businesses with a turnover of less than £45m to navigate the issues of lockdown, accredited lenders (like Asset Finance Arena) have had government backing to offer loans of up to £5m. The government will cover the first...

Read more →


Asset finance with the Coronavirus Business Interruption Loan Scheme (CBILS)

Posted on

Asset finance with the Coronavirus Business Interruption Loan Scheme (CBILS)

The current situation has left many businesses with financial uncertainty and the need to examine what is might bring the company back to past success. With furloughed staff and, often, a huge loss of custom, clients and income it is easy to dwell on the negatives. But, if you are looking for a new direction for your business or to improve on your current standing, there are many positives to find in the aftermath of the lockdown. Now is a great time to embrace the need for change and put plans in action for the future, especially when it comes...

Read more →