Foundation Home Loans Sailing Yacht Finance - Rate Table
| Product | APR Range | Max Term | Max LTV | Min Loan | Notes |
|---|---|---|---|---|---|
| Hire Purchase (HP) | 7.5% – 10.8% | 10 years | 65% | £25,000 | Complex income, near-prime credit |
| Marine Mortgage | 8.0% – 11.8% | 10 years | 65% | £50,000 | Adverse credit, specialist underwriting |
| Balloon HP | 7.5% – 11.0% | 8 years | 65% | £25,000 | Reduced monthly with balloon |
| Refinance | 8.5% – 11.8% | 8 years | 60% | £25,000 | Equity release, adverse credit considered |
Rates are indicative and for illustrative purposes only. Your rate will depend on your individual circumstances, credit history, vessel specification, and loan-to-value ratio. Rates correct as of October 2026 and subject to change.
Market Context
Foundation Home Loans (FHL) is a specialist lender known primarily for residential mortgage products for landlords and borrowers with complex circumstances. Their entry into marine finance provides a useful alternative for sailing yacht buyers whose profiles sit outside the mainstream lending box - particularly those with adverse credit or complex income structures who require a more nuanced approach.
FHL's rates sit at the higher end of the market, starting at 7.5% APR, which reflects their appetite for more complex cases. Their maximum LTV of 65% is lower than most competitors, meaning applicants must contribute a meaningful deposit of at least 35% of the vessel's purchase price. This conservative LTV stance is appropriate for a lender assessing higher-risk profiles, as it provides additional security against any vessel depreciation.
The specialist appeal of Foundation Home Loans in the yacht finance context is their willingness to consider applicants who have experienced financial difficulty - satisfied defaults, CCJs, or historic adverse credit events - alongside self-employed borrowers, contractors, and those with non-standard income. Their underwriting team takes a contextual view, assessing the circumstances behind adverse credit events rather than applying blanket rules.
Foundation's 10-year maximum term and conservative LTV make monthly payments relatively high compared to lenders with 15–20 year terms and higher LTVs. As a result, FHL is most appropriate for buyers with significant equity or capital to contribute as deposit, who have some credit complexity that precludes mainstream lender access, and who can afford the higher repayment amounts.
Doulton Bridging Finance will be candid about when Foundation is and isn't the right fit for your sailing yacht purchase. If you can access mainstream bank rates, we'll tell you. If FHL is the most appropriate route given your profile, we'll structure the application to optimise your rate within their range.
Strengths
- Specialist approach to adverse credit and complex income - fills a gap mainstream banks cannot
- Contextual underwriting - considers the story behind credit events, not just the score
- Available for personal and business applicants
- Useful for applicants declined by mainstream banks who still have meaningful deposit capital
Considerations
- Rates from 7.5% to 11.8% APR - among the higher ranges on our panel.
- Maximum 65% LTV requires a minimum 35% deposit - the most conservative LTV on the panel.
- Maximum 10-year term combined with lower LTV means higher monthly payments than other lenders.