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Boat mooring mortgages
We are a specialist mortgage provider for land which has planning consent for mooring a houseboat. If you need a mortgage to buy land for a boat mooring, we can offer secure lending for borrowers who want to pursue a low-impact lifestyle in the UK.
Key Features
- A variable rate currently 8.39% is applicable
- We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
- You can borrow up to 70% of the moorings purchase price or current value (whichever is the lower), subject to eligibility
- An early repayment charge may be payable if you repay all or part of your mortgage within the first two years
- Mortgages are available on a repayment basis only
- A non-refundable mortgage application fee of £300 is payable in addition to a mortgage valuation fee
- Our minimum loan amount is £7,000 and our maximum mortgage term is 25 years, subject to eligibility
- Our mortgages for moorings are not regulated by the Financial Conduct Authority
- Borrowers must be aged 18 or over. This mortgage is only available to UK residents.
Planning consent to moor a boat on the land will need to be in place before we lend any mortgage funds.
Our approach to lending
- We are experts in providing mortgages to buy land for mooring a house boat
- You must already own or be in the process of purchasing a houseboat (the mortgage is only available for the land, not the houseboat).
Our mortgages are available across the UK (England, Scotland, Wales and Northern Ireland).
Our standard of service
Where a mortgage is not regulated by the Financial Conduct Authority (FCA) (as shown on the 'Key features' tab), you will be provided with full information about the mortgage products available from the Society so that you can make an informed decision as to which is suitable for your requirements.
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Customer project
Philippa’s Story
Project type: Moorings
Philippa has always loved the water; it had long been her dream to live on the river. When the chance arose to buy – rather than rent – a mooring on the River Ouse, Philippa knew she needed to act quickly. “Moorings are the hardest things to buy,” she explains. “They never seem to come up and when they do, a lot of people are interested ...
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