9 Easy Steps

What to do next?

1. Choose the class of boat and a price range you feel comfortable with.
2. Contact a Bank of Scotland marine finance expert to choose a finance route that's right for you.
3. Agree a price with the vendor or broker. If the boat is used your offer should be subject to evidence of a good title, something we can check on your behalf. If a vessel is over 12 months old, it will need a survey and valuation (marine mortgages only).
4. Call us on 0845 603 2362† with the details of your intended purchase and we can start the finance documentation. Registration of the craft must then be considered; this is done after payout but with Bank of Scotland holding all the completed registration documentation.
5. Arrange your survey and valuation, if required (we will happily give you the names of registered surveyors in your area). Then supply us with a copy.
6. Arrange your boat insurance to begin on the date of delivery. It is a condition of the loan advance that insurance with a reputable company is in place. Bank of Scotland is an Introducer for Navigators & General, part of the Zurich group. We do not recommend any one company, but an indication of premium and cover can be obtained through their website.
7. On receipt of your mortgage / loan documents, check, sign and return them.
8. Funds will be released directly to you or to the vendor or broker, and you can take delivery of your boat within one month.
9. Your mortgage / loan payments will begin about one month after delivery. Bon voyage!

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† Telephone calls may be recorded for security purposes and monitored under our quality control procedure.