Together Money Classic Boat Finance Classic Boat Finance - Rate Table (October 2026)
| Rate metric | Detail |
|---|---|
| APR range | 7.9% – 13.2% |
| Maximum term | 10 years |
| Maximum LTV | 70% (against survey valuation) |
| Minimum advance | £25,000 |
| Survey requirement | Professional marine survey mandatory (YDSA / RYA-affiliated) |
| Vessel age | Pre-1980 classic/vintage craft considered |
| Hull types | GRP, steel, timber (clinker, carvel, strip-plank) |
| Product types | Hire Purchase, Marine Mortgage, Finance Lease |
| BSS certificate | Required for inland waterway-moored craft |
| Notes | Flexible credit criteria; higher minimum advance |
Rates are indicative as at October 2026 and subject to change. All applications subject to status, survey and lender criteria. LTV applied against professional survey valuation, not purchase price.
About Together Money Classic Boat Finance Classic Boat Finance
Together Money is well-known in specialist property and asset finance circles for being willing to look at lending scenarios that more conventional financial institutions decline - and their classic boat finance offering follows the same philosophy. Where high-street banks are often rigidly rule-based in what they will and won't accept, Together's underwriters take a more manual, case-by-case approach to creditworthiness assessment.
For classic boat finance, Together's rates run from 7.9% to 13.2% APR. Their 70% LTV ceiling sits between the conservatism of Close Brothers and the generosity of Pegasus, and the 10-year maximum term is standard among non-specialist lenders touching this sector. The key differentiator is underwriting flexibility: applicants with impaired credit histories, complex income arrangements, or unconventional circumstances who might be declined outright by Close Brothers or Shawbrook often find a positive conversation with Together.
The higher minimum advance of £25,000 is a practical constraint - Together are not targeting the entry-level classic boat market. They are focused on mid-to-high value classic motor yachts, prestige sailing vessels, and well-maintained character craft where loan sizes justify the manual underwriting overhead.
A professional marine survey is required. Together's underwriters will review the surveyor's condition and valuation report carefully, particularly for pre-1980 vessels where residual value risk is a greater consideration. Wooden hull classics are considered, though the rate premium over GRP is typically more pronounced than with dedicated classic specialists like Pegasus.
Strengths
- Flexible credit underwriting - adverse credit cases considered
- Manual case-by-case approach vs rigid automated scoring
- 70% LTV - useful for borrowers wanting to preserve liquidity
- Self-employed and complex income applicants catered for
- Experienced specialist asset finance division
Limitations & Considerations
- High minimum advance of £25,000 - not suitable for entry-level classics
- Maximum 10-year term - shorter than specialist classic lenders
- Not a pure classic boat specialist - may refer borderline vessel types
- Higher rates for adverse credit can exceed 13%
Why Classic Boat Finance Requires a Specialist Approach
Classic and vintage vessels - typically those built before 1980 - occupy a unique position in the marine lending market. Their values are driven not by depreciation curves but by condition, provenance, rarity, and the specialist demand from a relatively small pool of knowledgeable buyers. This makes residual value risk genuinely harder for mainstream lenders to model.
A professional marine survey is not optional - it is the foundation of any classic boat finance application. The surveyor's report must be carried out by a YDSA (Yacht Designers and Surveyors Association) or RYA-affiliated surveyor. For pre-war and early post-war timber vessels, a specialist wooden boat surveyor is often required in addition to, or instead of, a generalist marine surveyor.
Lloyd's Register classification, where held, is viewed positively by all classic lenders and can simplify the valuation process. Vessels on Part I of the British Ship Register are generally preferred. The Boat Safety Scheme (BSS) certificate is mandatory for craft moored on inland waterways.
Doulton Bridging Finance's role is to present your classic boat enquiry to the lenders best suited to your vessel type, age, condition and personal financial profile - avoiding the cost and credit footprint of multiple applications.