Pegasus Motor Yacht Finance Rates - At a Glance
| Parameter | Detail |
|---|---|
| Indicative APR range | 6.4% – 10.2% APR |
| Maximum term | 20 years |
| Maximum LTV | 85% |
| Minimum loan | £10,000 |
| Finance type | Hire Purchase / Marine Mortgage / Balloon HP |
| Vessel types accepted | Motor yachts, cruisers, sports boats (GRP, steel, aluminium) |
| New & used | Both considered |
| Rate as at | October 2026 (indicative - subject to status and change) |
Market Context & Broker Commentary
Pegasus Marine Finance is a specialist leisure marine lender and one of the most flexible on the Doulton Bridging Finance panel. Where most panel lenders cap LTV at 75–80%, Pegasus will consider up to 85% - meaning buyers need as little as a 15% deposit. Combined with a minimum loan of just £10,000 and a maximum term of 20 years, Pegasus provides the most accessible entry point to motor yacht finance of any lender we regularly work with. This accessibility comes with a rate premium: indicative APRs start from 6.4% rather than the sub-6% rates available to top-tier borrowers with large deposits through Lombard or Close Brothers. For borrowers who need higher leverage or are financing older, more modestly valued vessels, however, Pegasus often represents the only viable route on the prime lending market. The 20-year maximum term is exceptional in the motor yacht finance market. On a £100,000 loan, stretching to 20 years rather than 15 reduces monthly payments by roughly £150–£200 per month, which can materially improve cash flow - particularly for buyers who are maintaining a mooring, crew costs or ongoing maintenance budget alongside their loan repayment. Pegasus's specialist marine team understands leisure vessel values and depreciation patterns. They are generally more open than clearing bank lenders to older GRP cruisers, foreign-flagged vessels and buyers with minor historic credit impairments. For buyers who have been declined elsewhere or who need maximum leverage, Pegasus is typically the first specialist lender Doulton Bridging Finance would recommend exploring.
Strengths of Pegasus for Motor Yacht Finance
- Highest LTV on the panel at 85% - lowest deposit requirement
- Longest maximum term at 20 years for lowest monthly payments
- Minimum loan of just £10,000 - broadest accessibility on the panel
- Specialist marine lender with deep leisure sector knowledge
- Flexible approach to older vessels and non-standard credit profiles
Limitations to Consider
- Higher starting rate at 6.4% APR reflects the more flexible underwriting
- Rate can reach 10.2% for weaker credit or older vessel profiles
- 20-year term increases total interest cost significantly
- Not typically the best rate for A-credit borrowers with large deposits