Mortgage to buy a live-aboard boat?

[Roy]

For lenders, the problem with granting a mortgage on a houseboat
is that you might sail away, taking the security for the mortgage with you.
I do not know of any building societies that would help, but Barclays has a
marine finance department that offers loans.
Most borrowers want loans to buy a boat for leisure use but you may be
successful with a live-aboard boat too.

[dan]

www.lombard.co.uk Offer marine mortgages also. The problem is that they don't come cheap in the current market! Maybe I'll get that Broadblue cat in the future....

[Roy]

Thank you for that Dan.

I must admit the Broadblue cats are an excellent craft,
which model were you thinking of ?

[dan]

The 385 is probably the more sensible option - I think it would accommodate us perfectly. However it's just a pipe dream for now, we've yet to sail Pinafore across the Atlantic - I'll guess we'll see what happens when we get back from that!

[Roy]

Yes, the 385 would be very nice.
In the meantime, sailing across the Atlantic should
be a great adventure, I envy you.