Rankin Finance Sailing Yacht Finance - Rate Table
| Product | APR Range | Max Term | Max LTV | Min Loan | Notes |
|---|---|---|---|---|---|
| Hire Purchase (HP) | 7.8% – 11.5% | 20 years | 85% | £5,000 | Specialist HP, wide vessel acceptance |
| Marine Mortgage | 8.2% – 12.5% | 20 years | 85% | £10,000 | Long-term sailing yacht mortgage |
| Balloon HP | 7.8% – 11.8% | 15 years | 85% | £5,000 | Lower monthly, balloon at end |
| Refinance | 8.5% – 12.5% | 15 years | 80% | £10,000 | Equity release, specialist cases |
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
Rankin Finance is a specialist marine lender with a long-standing focus on yacht and watercraft finance in the UK market. Like Pegasus, Rankin occupies the specialist tier of the market - willing to consider vessel types, ages, uses, and borrower profiles that mainstream banks decline, and offering generous terms (up to 85% LTV and 20-year maximum terms) that other lenders cannot match.
Their rate range of 7.8% to 12.5% APR reflects the specialist nature of the cases they underwrite. For applicants who qualify for mainstream bank rates, Rankin will rarely be competitive on price. However, for those who cannot access mainstream finance - due to vessel age, type, use, flag state, or credit profile - Rankin's willingness to engage is genuinely valuable.
The combination of 85% LTV and 20-year terms makes Rankin particularly relevant for buyers with limited deposit capital who need to spread the cost over a long period. A £200,000 sailing yacht at 85% LTV over 20 years might be the only way to make the monthly payments work for a buyer without substantial capital. Mainstream lenders offering 75% LTV over 12 years would require a much larger deposit and generate significantly higher monthly payments.
Rankin's specialist underwriting extends to classic sailing yachts, charter-use vessels, foreign-registered craft, live-aboard applications, and sailing yachts of unusual specification. Their minimum loan of just £5,000 makes them accessible at the very entry level of the market - useful for buyers financing older, lower-value sailing yachts that other lenders won't touch.
Doulton Bridging Finance works with Rankin Finance on specialist sailing yacht cases where their unique market positioning provides the best available solution. We will always confirm whether a more competitively priced mainstream route exists before recommending placement with Rankin.
Strengths
- Specialist marine lender: genuine appetite for difficult vessel types, ages, and uses
- Up to 85% LTV and 20-year terms - among the most generous parameters on the panel
- £5,000 minimum loan - accessible from entry-level vessels upwards
- Charter-use, live-aboard, and foreign-registered vessels considered
Considerations
- Rates from 7.8% to 12.5% APR - the higher range reflects the specialist risk appetite.
- Not competitive for clean-credit applicants buying mainstream vessels - mainstream banks will almost always be cheaper.
- Detailed vessel survey and documentation typically required for all applications.