Pegasus Marine Finance Yacht Import Finance - Rate Table (October 2026)
| Term | Rate from (APR) | Max LTV | Min Loan | Notes |
|---|---|---|---|---|
| Up to 5 years | 6.9% | 80% | £10,000 | Best available rate band |
| 5–10 years | 7.4% | 80% | £10,000 | Mid-term pricing |
| 10–20 years | 7.9% | 75% | £10,000 | Longer-term pricing |
| Rate ceiling | 11.5% | 70% | £10,000 | Higher-risk / adverse credit |
Pegasus will consider EU-flagged and foreign-registered vessels subject to UK survey. Rates are indicative and subject to lender credit assessment, vessel survey and final underwriting. October 2026.
About Pegasus Marine Finance Yacht Import Loans
Pegasus Marine Finance is one of the UK's most flexible specialist marine lenders, with a long track record of funding imported yachts. Post-Brexit, importing a yacht from France, Spain, the Netherlands or beyond the EU carries VAT and duty implications, and many high-street lenders simply decline foreign-registered vessels. Pegasus takes a more pragmatic view: they will consider yachts registered under EU flags, BVI, Cayman Islands or other flags of convenience, subject to a UK-based survey and satisfactory title check.
Their yacht import finance product is structured as hire purchase or a marine mortgage, with repayment terms extending to 20 years for larger amounts. The maximum loan-to-value of 80% applies to the lower of purchase price or surveyed value, and the minimum advance of £10,000 makes this product accessible for mid-market sailing yachts as well as prestige motor yachts. Doulton Bridging Finance presents completed cases to Pegasus with full documentation packs, accelerating the process significantly compared to applying direct.
Key considerations for import finance with Pegasus: the vessel must pass a satisfactory survey by an IIMS- or RYA-accredited surveyor, VAT status must be declared (VAT-paid or VAT-suspended under certain conditions), and the borrower must hold, or be arranging, appropriate marine insurance. Where the yacht is currently flagged outside the UK, Pegasus will typically require a UK re-registration plan or accept the current flag with additional legal undertakings. We guide clients through this documentation process as part of our broker service.
Strengths
- Accepts EU and foreign-registered vessels
- Terms to 20 years
- 80% LTV available
- Minimum advance only £10,000
- Experienced marine underwriting team
- Considers both HP and marine mortgage structures
Limitations to note
- Foreign-flag vessels may require additional legal documentation
- Full UK-based survey required at borrower's cost
- Rates above 9% for adverse credit profiles
- VAT status must be clearly established before drawdown