Aldermore Marine Equipment Finance - Indicative Rates October 2026
| Scenario | APR Range | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Engine / electronics - strong credit | 8.2%–10.2% | 5 years | 70% | £10,000 |
| Sails / rigging / deck hardware | 10.2%–12.2% | 5 years | 65% | £10,000 |
| Mixed refit / complex credit | 12.2%–14.5% | 4 years | 60% | £10,000 |
Rates indicative for October 2026. Subject to lender criteria and individual circumstances.
Aldermore Marine Equipment Finance - What You Need to Know
Aldermore Asset Finance is a specialist lender with a broad equipment finance appetite and a particular strength in serving self-employed applicants and small businesses. Marine equipment finance is an active part of Aldermore's portfolio, covering engines, outboard motors, electronics, sails and rigging, and refit packages.
Rates from Aldermore start at 8.2% APR - above the major asset finance houses like Lombard and Close Brothers - but Aldermore's value lies in accessibility. Where mainstream lenders may require two years of accounts from a self-employed applicant, Aldermore can work with one year or even bank statement analysis.
The 5-year maximum term is in line with other equipment specialists, and the 70% LTV ceiling means a 30% deposit is required. The £10,000 minimum loan focuses Aldermore on mid-size equipment purchases and above.
Aldermore's equipment finance products include hire purchase (where you own the equipment at the end of the term) and finance lease (where the equipment remains the lender's property, with a balloon or secondary rental). For marine equipment, HP is generally preferred as it results in outright ownership, which is important if you want to sell or modify the equipment.
For the right applicant - self-employed, clean-but-not-perfect credit, clear equipment purchase - Aldermore delivers when mainstream lenders are inflexible. Doulton Bridging Finance will position Aldermore correctly in the context of your overall application.
Strengths
- Self-employed income accepted
- Small business applicants welcomed
- HP and finance lease available
- Reliable specialist underwriting
Limitations
- Higher rates than major asset finance houses
- 70% LTV - 30% deposit required
- 5-year max term
- Min £10,000 loan