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  Bank of Scotland, Look at things differently
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Used Boat

  • Check whether your offer is ‘subject to survey’ (and a sea trial if required)
  • Check whether you are using a standard ABYA, BMF or RYA contract
  • Agree the amount of the deposit (usually up to 10%)
  • Check whether the seller has provided ownership documents and can guarantee clear title (including a CE Certificate* if the boat was built after June 1998, VAT invoice (if applicable) and Registration Certificate and Bill(s) of Sale)
  • Identify a suitable marine surveyor (to check whether the boat and its engine / equipment is sound and seaworthy)
  • Agree on and view all the equipment to be included in the sale
  • Don’t forget to arrange insurance prior to completion
  • Check whether the boat is currently mortgaged. (If Part 1 Registered, check with the Registrar at Cardiff; if Part III or unregistered, seek advice from the broker, finance company or RYA Legal Department)
  • If mortgaged, check how it will be paid off before completion.

*A CE Certificate is proof of compliance with the Recreational Craft Directive.

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