Aldermore Berth Finance - Indicative Rates October 2026
| Scenario | APR Range | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Strong credit, low LTV berth purchase | 7.5%–9.0% | 7 years | 65% | £50,000 |
| Standard berth purchase | 9.0%–10.5% | 7 years | 60% | £50,000 |
| Complex ownership / older berth | 10.5%–11.9% | 5 years | 55% | £50,000 |
Rates are indicative for October 2026. Actual terms depend on berth type, marina, applicant profile and loan-to-value. Speak to us for a personalised illustration.
Aldermore Berth Finance - What You Need to Know
Aldermore Bank is a specialist commercial lender with a broad range of asset and property finance products. Marina berth finance sits within Aldermore's specialist property lending division, which has developed a framework for assessing the unique characteristics of marina assets.
Aldermore's rates for berth finance start at 7.5% APR, with a maximum LTV of 65% and terms up to 7 years. The 7-year cap makes Aldermore better suited to buyers with significant equity - the shorter amortisation period means monthly repayments will be higher than with Together or Shawbrook.
Where Aldermore excels is in its handling of self-employed applicants and limited companies. Aldermore's underwriting team is experienced with non-standard income verification and can assess affordability on a case-by-case basis rather than applying rigid income multiples. This makes Aldermore particularly useful for business owners, contractors and freelancers seeking berth finance.
Aldermore is also comfortable with buy-to-let berth arrangements - where the berth owner lets the space to other boat owners. This is an increasingly common model at larger marinas and Aldermore's underwriters understand how to assess the rental income in the affordability calculation.
The minimum loan of £50,000 limits Aldermore's applicability to larger berth purchases, but for the right profile - self-employed buyer, strong equity, established marina - Aldermore delivers reliable, competitive terms.
Strengths
- Self-employed income accepted
- Let-to-let berth arrangements considered
- Limited company applications accepted
- Reliable specialist underwriting team
Limitations
- 7-year max term (shorter than alternatives)
- 65% LTV cap - lowest of mainstream options
- Min £50,000 loan