Pegasus Marine Finance (sailing yachts) - Rate Table
| Product | APR Range | Max Term | Max LTV | Min Loan | Notes |
|---|---|---|---|---|---|
| Hire Purchase (HP) | 6.4% – 8.9% | 20 years | 85% | £5,000 | Specialist marine HP, wide vessel acceptance |
| Marine Mortgage | 6.6% – 9.8% | 20 years | 85% | £10,000 | Long-term sailing yacht mortgage |
| Balloon HP | 6.4% – 9.2% | 15 years | 85% | £5,000 | Reduced monthly, balloon at end |
| Refinance | 7.0% – 9.8% | 15 years | 80% | £10,000 | Equity release, older vessel accepted |
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
Pegasus Marine Finance is a dedicated marine finance specialist - one of the relatively few lenders in the UK market whose entire focus is on marine and watercraft lending. This specialist positioning gives Pegasus a distinct advantage in cases where mainstream lenders might hesitate: older vessels, live-aboard applications, non-standard flag states, and sailing yachts used for commercial charter.
With up to 85% LTV and terms of up to 20 years, Pegasus offers the most generous parameters on our lender panel for sailing yacht finance. Their £5,000 minimum loan means they are genuinely accessible across the full spectrum of the sailing market - from a first-time buyer purchasing a modest coastal cruiser to an experienced offshore sailor financing a long-range blue-water passage-maker.
Pegasus's underwriting team has deep sector expertise. They understand the marine survey process, vessel certification standards, RCD compliance, and the nuances of different flag registries. This knowledge allows them to make sensible lending decisions on vessels that other lenders cannot adequately assess - including classic yachts, foreign-registered craft, and boats with charter income.
Their rates sit slightly above the mainstream bank panel, reflecting the additional underwriting complexity they are willing to absorb. However, for cases that cannot be placed with mainstream lenders, Pegasus is often the most competitive specialist option available. Their 20-year maximum term is uniquely long and can make a significant difference to monthly affordability on larger sailing yacht purchases.
Doulton Bridging Finance regards Pegasus as a key specialist panel lender, and we regularly place sailing yacht cases where the vessel age, use, or applicant profile requires a more nuanced approach than mainstream banks can offer.
Strengths
- Specialist marine-only lender - deep underwriting expertise across all vessel types and uses
- Highest LTV on the panel at 85% - suitable for buyers with limited deposit
- Up to 20-year term - the longest available for sailing yacht finance
- £5,000 minimum loan - genuinely accessible from entry-level sailing yachts upwards
Considerations
- Rates start at 6.4% APR - slightly above mainstream bank rates for straightforward, clean applications.
- Thorough vessel survey typically required, particularly for older or non-standard craft.
- Lender is smaller than the high-street banks - turnaround times can vary during busy periods.