Marine or Yacht Finance is an extremely convenient and flexible way to purchase a yacht. With interest rates remaining at historic low levels, the ability to borrow money secured against the yacht allows a buyer to free up capital for other investments or leave current investments intact.
Whilst the number of primary marine lenders in the market is much smaller than pre-recession times, the flexibility of the loan products has increased greatly. Marine lenders fully understand the finances of yacht owners and also how they like to buy, use and sell their yachts, and can tailor plans to suit.
Grabau International Yacht Brokerage & Conveyancing is delighted to work closely with two of the primary lenders in the UK marine finance market to assist in securing financing for yachts listed and sold through our company:
CGI Finance is a trademark of Société Générale used by CGL, a financial establishment founded in 1951 and a subsidiary of Société Générale. CGI Finance is one of Europe’s largest marine financiers lending to clients from the UK, France, Germany, Italy, Spain & Portugal.
Offering loan terms between 4 – 15 years* for loan amounts not exceeding 80%* of the purchase price of the new yacht. CGI are also able to provide finance for the acquisition of a used yacht. They are able to offer both fixed and variable rate mortgages.
*Subject to approval by CGL, Finance products subject to conditions and change at any time without notice. Grabau International is a broker not a lender and is authorised by the Financial Conduct Authority with FRN 673436. We will not charge you any fee for this service as we will receive payment by way of a fee direct from General Yachting & Leisure Finance Ltd (GY&LF). The amount of commission / fee we receive from GY&LF does not vary depending on the features of the loan and this payment does not affect the amount payable under the terms of the loan agreement.
Established in 2010, Promarine Finance offers marine mortgage solutions* ranging from £3,000 to £70,000 and over periods of up to 10 years.
Providing a personal service which allows a more flexible approach with regards credit information and the vessels they finance, Promarine Finance can usually provide a lending decision within 30 minutes of receiving a completed application and paperwork can follow the same day. Promarine Finance aim to make buying a boat simple and to get their clients out on the water as soon as possible.
* Marine mortgages are secured against the vessel
For further information about marine finance, please click either of the banners above or alternatively email us or use the contact form below.
(Grabau International Ltd t/a Grabau International Yacht Brokerage & Conveyancing is authorised and regulated by the FCA to act as an approved introducer to these companies.)