Rankin Motor Yacht Finance Rates - At a Glance
| Parameter | Detail |
|---|---|
| Indicative APR range | 7.8% – 13.0% 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
Rankin occupies the flexible end of the Doulton Bridging Finance motor yacht panel, alongside Pegasus. Where most lenders on our panel offer 75–80% LTV and 10–15 year terms, Rankin will stretch to 85% LTV and 20 years - maximising leverage and minimising monthly repayments for buyers who need every bit of flexibility available. The corollary of this flexibility is the highest headline rate on the panel: 7.8% APR as a starting point, with a ceiling of 13.0% for the most complex borrower and vessel combinations. This rate range reflects Rankin's willingness to lend on assets and to borrowers that mainstream lenders would decline outright. For a buyer who needs 85% financing on a 25-year-old motor yacht with an adverse credit history, Rankin may be the only viable route through the prime market without resorting to unsecured borrowing. From a market positioning perspective, Rankin functions as a specialist non-standard lender rather than a competitive mainstream option. Doulton Bridging Finance would not typically recommend Rankin to an A-credit buyer with a 30%+ deposit - in that scenario, Lombard, Close Brothers or Investec (for high-value vessels) offer materially better rates. However, for buyers at the accessible end of the market - smaller vessels, older craft, buyers rebuilding credit history, or first-time marine purchasers with minimal savings - Rankin fills a gap that no other lender on our panel covers. The £10,000 minimum loan also means Rankin is relevant for buyers of smaller motor cruisers and sports boats, where most panel lenders' £50,000 minimums create a gap in coverage. For this segment of the market, and for buyers who have exhausted mainstream options, Rankin is a lender that Doulton Bridging Finance will actively include in any whole-of-market comparison.
Strengths of Rankin for Motor Yacht Finance
- 85% LTV available - second highest on the panel alongside Pegasus
- 20-year maximum term - tied for longest on the panel
- Minimum loan of only £10,000 - broadest access for smaller purchases
- Flexible on vessel age, condition and non-standard credit profiles
- Willing to consider vessels declined by mainstream lenders
Limitations to Consider
- Highest starting rate on the panel at 7.8% APR
- Rate can reach 13.0% for the most complex profiles
- Best suited to borrowers who need maximum flexibility, not competitive pricing
- Not the right choice for A-credit borrowers with standard vessel profiles