Ultimate Finance - Charter Vessel Business Finance Overview
Ultimate Finance is a key lender on the Doulton Bridging Finance panel for charter vessel business and fleet finance. Their hp/lease structures are designed for commercial charter operators - yacht charter fleets, RIB charter businesses, speedboat hire, fishing charter, dive charter, motor launch charter, and sailing charter operations across the UK.
For October 2026, Ultimate Finance is offering rates from 8–14% on charter vessel business finance, with facilities from £25k–£500k, maximum LTV of 70%, and terms up to 5yr. These are indicative rates - final terms are subject to underwriting and your specific circumstances.
Charter vessel business finance differs fundamentally from leisure marine finance. Lenders assess applications on the revenue-generating capacity of the charter business, charter contracts, booking data, and DSCR - not on personal income. Doulton Bridging Finance specialises in presenting charter business cases to lenders in a way that maximises approval rates and negotiates the best possible terms.
Ultimate Finance Charter Vessel Business Finance Rates - October 2026
| Product | Rate | Facility Amount | Max LTV | Max Term |
|---|---|---|---|---|
| HP/Lease | 8–14% | £25k–£500k | 70% | 5yr |
Rates correct October 2026. Indicative only - final rate subject to credit and underwriting assessment. Representative examples available on request.
Strengths of Ultimate Finance for Charter Vessel Finance
- Low minimum deal size of £25k suits individual charter vessel acquisitions for growing businesses
- Fast decisions - same day for deals under £75k, 48 hours for larger applications
- Start-up friendly - more appetite for early-stage charter businesses than most panel lenders
- Simple documentation requirements - well suited to owner-managed charter operations
Limitations to Consider
- Maximum 70% LTV is among the lower in our charter panel, requiring larger deposits
- Maximum 5-year term increases monthly payment compared to 8–12 year alternatives
- Rate ceiling of 14% for higher-risk cases makes this expensive for marginal applications
Is Ultimate Finance Right for My Charter Vessel Finance?
Best for start-up or early-stage charter operators, those adding a single vessel quickly, or owner-managed charter businesses under £500k total facility. Ultimate Finance's speed and low minimum make them a practical first step for charter businesses in their growth phase.
If you are unsure whether Ultimate Finance is the right fit for your charter vessel finance, our team at Doulton Bridging Finance will assess your case and identify the most appropriate lender or combination of lenders. We work across the full charter vessel panel simultaneously to ensure you get the best available terms.
Compare All Charter Vessel Business Lenders
We work with nine specialist lenders for charter vessel business and fleet finance. View the full comparison:
- Close Brothers - 7–11%, £50k–£3m, 80% LTV
- Lombard - 6–10.5%, £500k+, 80% LTV
- Shawbrook - 7.5–13%, £75k–£1m, 75% LTV
- Nucleus - 8–15%, £25k–£500k, 70% LTV
- Hampshire Trust - 7.5–12.5%, £150k–£2m, 80% LTV
- Paragon - 7–12%, £75k–£1.5m, 75% LTV
- Ultimate Finance - 8–14%, £25k–£500k, 70% LTV
- NatWest - 5.5–9.5%, £500k+, 80% LTV
- Arkle Finance - 7–12%, £30k–£750k, 75% LTV
Or see our best charter vessel business finance rates comparison page.