For buying and refinancing Yachts
High quality Yacht finance solutions for UK & international clients.
We can deliver enhanced, bespoke or exclusive terms through our market knowledge.
Call us on 0203 900 4322 to discuss your requirements.
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Yachts are the perfect choice for those who enjoy the freedom and excitement of sailing the seas. Yachts provide you with comfort, luxury, and fun, as well as a variety of options to suit your preferences and needs. You can choose from different sizes, shapes, and styles of yachts, depending on your budget and lifestyle.
However, buying a yacht is not a simple affair. The upfront cost of a new or used yacht can be quite high, and you also have to consider the depreciation, maintenance, and insurance costs that come with owning such a valuable asset. That’s why many people opt for financing their yacht instead of paying cash.
But how do you finance a yacht in the UK? What are the different options available, and how do they compare? How do you find the best deal for your needs and circumstances? And what are the popular types of yachts that you can buy on finance?
If you want to buy a yacht in the UK, you have several finance options to choose from. Each option has its own features, advantages, and disadvantages. Depending on your personal and financial circumstances, you can choose the one that suits you best:
Marine finance is a form of leasing, where you pay a monthly fee to use the yacht, but you do not own it. The monthly fee is based on the depreciation of the yacht over the lease term, and the residual value at the end of the lease. The residual value is the estimated value of the yacht at the end of the lease, which is agreed upon at the start of the contract.
The advantage of marine finance is that you can enjoy sailing a new yacht without having to pay the full purchase price upfront. You also have lower monthly payments than other finance options, as you are only paying for the depreciation of the yacht.
At the end of the lease, you have three options, you can either:
Boat loan is a form of credit, where you pay a deposit and then monthly instalments to buy the Yacht over a fixed period of time. The monthly instalments include both the principal and the interest, and the interest rate is usually fixed. The yacht is the security for the loan, which means that if you fail to make the payments, the lender can repossess the yacht. This is similar to hire purchase, which is a type of asset finance that allows you to own the asset at the end of the contract, after paying a final option to purchase fee.
The advantage of boat loan is that you can own the yacht at the end of the contract, and you can choose the deposit and the duration of the contract to suit your budget. You also have the option to settle the loan early, by paying the outstanding balance and a small fee. The disadvantage is that you have to pay interest on the loan, and you do not own the yacht until you make the final payment.
The final payment is usually the same as the monthly instalment, plus a £10 option to purchase fee. This fee is a legal requirement, and it transfers the ownership of the yacht from the lender to you.
Boat loans and marine finance may have some differences from hire purchase and asset finance, such as:
Hire purchase with balloon payment is similar to boat loan, but with a twist. Instead of paying equal monthly instalments, you pay lower monthly instalments and a larger final payment, known as the balloon payment. The balloon payment is usually 25% to 50% of the purchase price of the yacht, and it is agreed upon at the start of the contract.
The advantage of hire purchase with balloon payment is that you can have lower monthly payments than boat loan, and still own the yacht at the end of the contract. You also have the option to refinance the balloon payment, or trade in the yacht for a new one.
The disadvantage is that you have to pay more interest than boat loan, and you have to save up for the balloon payment or find another source of finance. The balloon payment is usually the same as the agreed percentage of the purchase price, plus the nominal fee that is added to the final payment. This fee is a legal requirement, and it transfers the ownership of the yacht from the lender to you.
Contract purchase is a leasing option, where you pay a deposit and monthly instalments, based on the depreciation and the residual value of the yacht. You do not own the yacht, but you can buy it for the residual value, return it, or part-exchange it at the end of the contract.
Contract purchase has lower monthly payments and less upfront cost than other finance options, but no equity and possible extra charges for exceeding usage limit, or any damage or wear and tear.
At the end of the contract, you have three options. You can either buy the yacht for the residual value, return it to the lender and walk away, or part-exchange it for a new one or use any equity as a deposit.
PCP is a flexible leasing option, where you pay an initial payment and lower monthly instalments, based on the depreciation and the residual value of the yacht. You can own, return, or part-exchange the yacht at the end of the contract, by paying, avoiding, or using the residual value as a deposit. PCP has lower monthly payments and more options than contract purchase, but higher interest and a large final payment.
Now that you have an idea of the different ways to finance a yacht in the UK, you might be wondering what types of yachts you can buy on finance. The good news is that you can find almost any model of yacht on finance, as long as it is within your budget and meets the lender’s criteria.
However, some models are more popular and available than others, depending on the demand, supply, and market trends. Here’s a brief overview:
Model |
Description |
Price Range |
Monthly Payment |
Sunseeker |
Luxury motor yachts, petrol or diesel engines, sleek and sporty design, spacious and elegant interior, leather seats, sunroof, advanced navigation and entertainment features. |
£200,000 to £30,000,000 |
£1,500 to £200,000 |
Princess |
Luxury motor yachts, petrol or diesel engines, F, Y, X, S, V, and R classes, dynamic and versatile performance, sophisticated and modern design, comfortable and luxurious interior, leather seats, panoramic windows, cutting-edge safety and connectivity features. |
£300,000 to £20,000,000 |
£2,000 to £150,000 |
Fairline |
Luxury motor yachts, petrol or diesel engines, Targa and Squadron ranges, agile and smooth performance, stylish and contemporary design, spacious and practical interior, leather seats, retractable roof, advanced safety and infotainment features |
£100,000 to £5,000,000 |
£800 to £40,000 |
Beneteau |
Luxury sailing yachts, diesel engines, Oceanis, First, and Figaro ranges, innovative and efficient performance, elegant and classic design, comfortable and functional interior, leather seats, skylights, advanced safety and navigation features |
£50,000 to £2,000,000 |
£400 to £15,000 |
Owning a yacht can be a significant financial commitment, so you should carefully plan your budget and compare the different finance options available. You should also consult with a professional yacht broker, who can help you find the best yacht for your needs and negotiate the best deal for you.
At Clifton Private Finance we can help. With over 20 years of experience and access to exclusive lenders and rates, we’ll offer you expert advice, tailored solutions, and a hassle-free service. Contact them today and get your dream yacht on finance.
Besides the purchase price and the finance cost, you should also consider the costs of owning and operating a yacht, which can vary depending on the size, type, and condition of the yacht. Some of the main costs include:
Marine finance is a type of finance that allows you to use the yacht as an asset for your business or leisure, while paying a fixed monthly fee to the lender. Marine finance can be either a finance lease or an operating lease, depending on whether you want to own the yacht at the end of the term or return it to the lender.
At the end of a marine finance plan, you have different options depending on the type of lease you have chosen. Here are the possible scenarios:
The option that you choose will depend on your preferences and circumstances. For example, if you want to own the yacht at the end of the term, you might prefer a finance lease. If you want to have a newer and more efficient yacht, you might prefer an operating lease.
If you are interested in financing a yacht in the UK, you might want to consider using a finance broker to help you with the process. A finance broker can help you find the best marine finance option for your needs and budget, as well as negotiate the best deal with the lender. A finance broker can also advise you on the different types of marine finance available for buying a yacht, such as flexible terms, low deposits, and bespoke solutions.
At Clifton Private Finance, we have a team of specialist finance brokers who can help you finance a yacht in the UK. We can work with yacht manufacturers and dealers to arrange your yacht finance plan and finalise your purchase. We can also help you finance new, used, or auction-bought yachts, and offer the most competitive marine finance service for you.
To find out more about our finance broker service, don’t hesitate to contact us today.
We offer a free and no-obligation telephone consultation at a time that suits you.
Call us today to discuss your requirements on 0203 900 4322
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C