All OSV & CTV Finance Lenders Compared - October 2026
The table below shows all active UK lenders for offshore support vessel and CTV finance, including Siemens Financial Services for large-ticket SOV and PSV transactions. Rates are indicative as at October 2026.
| Lender | Facility Type | Rate (p.a.) | Facility Range | Max LTV | Max Term |
|---|---|---|---|---|---|
| Close Brothers | HP/Finance Lease | 7–11% | £100,000–£3,000,000 | 80% | 10 years |
| Lombard | Finance Lease | 6–10.5% | £500,000–No fixed ceiling | 80% | 12 years |
| HSBC UK | Commercial Loan | 5.5–9% | £500,000–No fixed ceiling | 80% | 12 years |
| NatWest | Commercial Loan | 5.5–9.5% | £500,000–No fixed ceiling | 80% | 12 years |
| Hampshire Trust | Secured Asset Finance | 7.5–12.5% | £200,000–£5,000,000 | 80% | 10 years |
| Shawbrook | Secured Loan | 7.5–13% | £150,000–£1,500,000 | 75% | 7 years |
| Paragon | Secured Business Loan | 7–12% | £100,000–£2,000,000 | 75% | 8 years |
| Wesleyan | Asset Finance | 7–11.5% | £100,000–£1,500,000 | 75% | 7 years |
| Clydesdale | Commercial Loan | 6.5–10% | £300,000–No fixed ceiling | 80% | 10 years |
| Siemens Financial Services | Specialist Large-Ticket | 5.5–9% | £1,000,000–No ceiling | 80% | 15 years |
Cheapest Rates for CTV Finance
For crew transfer vessel finance in the £500,000–£3m range, HSBC and NatWest offer the lowest headline rates - from 5.5% per annum - but both require existing or new-to-bank relationships. For operators who do not have a clearing bank relationship, Lombard (from 6%) and Clydesdale (from 6.5%) offer the next most competitive pricing with genuine appetite for CTV assets.
For smaller CTV transactions below £500,000 - including fast crew boats and older vessels - Close Brothers (from 7%) and Paragon (from 7%) offer the best combination of rate and flexibility. Both have genuine maritime asset finance experience and understand offshore wind contracting income.
Best Lenders for Large SOVs
Service operation vessels (SOVs) typically require facilities of £5m–£30m or more. This is beyond the appetite of most challenger bank lenders and requires either a clearing bank relationship (HSBC, NatWest, Lombard) or specialist large-ticket lenders. Siemens Financial Services is the standout option for SOV finance above £1m - their 15-year terms and 80% LTV are unmatched in the market, and their parent company's position in offshore wind gives them genuine sector understanding.
For SOVs being financed under long-term bareboat or time charter agreements with tier-one offshore wind operators (Ørsted, SSE, Vattenfall, RWE), project finance structures may achieve better pricing than standard commercial lending. DBF can arrange project finance and syndicated structures for larger deals.
Best for New-Build CTVs
Lombard has the strongest appetite for new-build CTV finance of any lender on our panel. Their finance lease structure suits operators who prefer off-balance-sheet treatment, and their NatWest Group backing gives them the credit capacity for larger commitments. HSBC can also support new-build CTVs, particularly where a clean maritime plan or ESG narrative is part of the borrower's strategy.
New-build finance requires a stage-payment facility aligned to the shipbuilder's draw schedule. DBF structures these facilities carefully - ensuring drawdown conditions, security, and completion risk are all appropriately managed in the facility agreement.
Clean Maritime Plan Angle
The UK Government's Clean Maritime Plan provides grant funding for zero-emission vessel demonstrators - including electric CTVs, hydrogen-hybrid OSVs, and other low-carbon maritime assets. For qualifying projects, grant support of up to 40% of eligible build costs is available from DEFRA/DfT funding programmes.
The grant is non-repayable and does not conflict with commercial debt - but it must be carefully integrated into the financing structure. DBF specialises in co-finance arrangements that stack grant and commercial debt, ensuring drawdown timelines, security structures, and covenant packages are aligned. See our Clean Maritime Plan grants guide for full details.
Find Your Best Rate Today
We compare all 10 lenders and find the best rate for your specific vessel, deal size, and business profile.
Rates and criteria by lender
How each lender on our panel prices this vessel type in October 2026, and where it fits. Rates are indicative; we compare them all for your case.
Close Brothers Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Close Brothers and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| HP/Finance Lease | 7–11% | £100,000 | £3,000,000 | 80% | 10 years |
Clydesdale Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Clydesdale and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Commercial Loan | 6.5–10% | £300,000 | No fixed ceiling | 80% | 10 years |
Hampshire Trust Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Hampshire Trust and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Secured Asset Finance | 7.5–12.5% | £200,000 | £5,000,000 | 80% | 10 years |
HSBC UK Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with HSBC UK and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Commercial Loan | 5.5–9% | £500,000 | No fixed ceiling | 80% | 12 years |
Lombard Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Lombard and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Finance Lease | 6–10.5% | £500,000 | No fixed ceiling | 80% | 12 years |
NatWest Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with NatWest and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Commercial Loan | 5.5–9.5% | £500,000 | No fixed ceiling | 80% | 12 years |
Paragon Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Paragon and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Secured Business Loan | 7–12% | £100,000 | £2,000,000 | 75% | 8 years |
Shawbrook Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Shawbrook and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Secured Loan | 7.5–13% | £150,000 | £1,500,000 | 75% | 7 years |
Wesleyan Offshore Support Vessel and CTV Finance Rates
As a whole-of-market specialist broker, Doulton Bridging Finance places OSV and CTV finance with Wesleyan and nine other active lenders. We know which lenders are most competitive for different vessel types and borrower profiles, and we present your case in a way that maximises the chance of credit approval at the keenest rate.
| Facility Type | Rate Range (p.a.) | Minimum | Maximum | Max LTV | Max Term |
|---|---|---|---|---|---|
| Asset Finance | 7–11.5% | £100,000 | £1,500,000 | 75% | 7 years |