Pegasus Marine Finance Catamaran Finance: Current Rate Table
| Parameter | Detail | Notes |
|---|---|---|
| APR range | 6.4%–10.5% | Subject to credit status & vessel survey |
| Max loan term | 20 years | Longer terms reduce monthly payments |
| Max LTV | 85% | Of agreed vessel valuation |
| Minimum advance | £10,000 | Smaller amounts may attract higher rates |
| Finance type | HP / Marine Mortgage / Balloon HP | Structure depends on use and tax position |
| Vessel type | Catamarans & multihulls | New and used; UK- or foreign-flagged (case by case) |
| Decision speed | 48–72 hours indicative | Formal offer subject to survey & underwriting |
About Pegasus Marine Finance Catamaran Finance
Pegasus Marine Finance is one of the few lenders in the UK that has built its entire credit proposition around leisure marine assets - and it shows. Their ability to extend terms to 20 years and LTV to 85% makes them uniquely accessible for catamaran buyers who may have a smaller deposit or wish to keep monthly repayments as low as possible. On a £350,000 catamaran financed at 85% over 20 years, Pegasus can produce a monthly payment profile that many bank lenders simply cannot match.
The specialisation extends to their attitude toward foreign-registered catamarans. Where lenders such as Lombard or Black Horse default to requiring UK re-registration, Pegasus reviews flag-state situations individually. French-flagged Fountaine Pajot or Lagoon catamarans are frequently transacted without re-flagging, provided the lender can take adequate security over the vessel under the relevant jurisdiction's maritime law. This is a meaningful advantage in a market where many popular catamaran brands are delivered under non-UK flags.
Pegasus is also the most accommodating lender in our panel when it comes to charter income. Buyers who intend to offset finance costs through private charter - a common and commercially sensible approach with high-value catamarans - will find Pegasus willing to consider evidenced rental income within their affordability calculation. Bareboat charter through a registered operator, with verifiable booking history, carries most weight; projected income with no track record is treated more cautiously.
The trade-off is rate: at 6.4%–10.5% APR, Pegasus is not the cheapest lender on paper. However, the combination of lower monthly payments (via longer terms) and genuine flexibility on vessel type and income profile makes the effective cost highly competitive for many buyers. Doulton Bridging Finance compares Pegasus terms against the full panel for every catamaran enquiry.
Pegasus Marine Finance: Strengths & Limitations
Pegasus Marine Finance - What works well
- Longest available term at 20 years - lowest possible monthly payment profile
- Highest LTV at 85% - suitable for buyers with only a 15% deposit
- Considers charter income as part of affordability assessment
- Lowest minimum advance at £10,000 - accessible for entry-level multihulls
- Specialist marine-only lender with deep catamaran underwriting knowledge
- Accommodates foreign-flagged vessels on a case-by-case basis
Pegasus Marine Finance - Where it may not fit
- Higher rate ceiling at 10.5% - non-prime applicants pay a premium
- Charter income must be evidenced; projections alone are rarely accepted
- Less suited to corporate / business purchase structures compared to Lombard
- Smaller panel lender - less well known to solicitors than Lloyds or NatWest group lenders
- Long terms mean more total interest paid over the life of the loan