Shawbrook Bank Yacht Import Finance - Rate Table (October 2026)
| Term | Rate from (APR) | Max LTV | Min Loan | Notes |
|---|---|---|---|---|
| Up to 5 years | 7.5% | 70% | £50,000 | Best available rate band |
| 5–10 years | 8.0% | 70% | £50,000 | Mid-term pricing |
| 10–10 years | 8.5% | 65% | £50,000 | Longer-term pricing |
| Rate ceiling | 12.2% | 60% | £50,000 | Higher-risk / adverse credit |
Shawbrook requires UK registration post-import; suitable for buyers planning immediate re-flagging. Rates are indicative and subject to lender credit assessment, vessel survey and final underwriting. October 2026.
About Shawbrook Bank Yacht Import Finance
Shawbrook Bank's marine finance division offers yacht import finance for buyers who are committed to bringing their vessel onto the UK Part I Ship Register following purchase. Unlike more flexible specialist lenders, Shawbrook requires that the vessel is UK-registered (or that registration is completed as a condition of drawdown), which narrows their applicability in the import market but also means their product is well-suited to buyers who have already decided on UK registration for practical or insurance reasons.
Shawbrook's rates start at 7.5% APR with terms to 10 years - shorter than some competitors - and a maximum LTV of 70%, reflecting their more conservative approach to marine lending generally. The minimum advance of £50,000 positions this firmly as a product for mid-to-upper market yachts. Their credit assessment is thorough and consistent, and their documentation requirements for import cases are clearly defined, which reduces uncertainty for well-prepared applicants.
For a buyer purchasing, for example, a Dutch-registered Hallberg-Rassy sailing yacht with the intention of placing it on the UK register and basing it in a UK marina, Shawbrook can be a competitive and straightforward option. The key is that the UK registration must be completable within a commercially reasonable timeframe after finance drawdown, typically 60–90 days. Doulton Bridging Finance coordinates the registration process alongside the finance application where required.
Strengths
- Clear, well-defined criteria for import cases
- Competitive pricing for qualifying cases
- Experienced marine underwriting team
- Suitable for buyers planning UK Part I registration
- Strong institutional backing
Limitations to note
- Requires UK registration (or commitment to register) as condition of lending
- 10-year maximum term (shorter than competitors)
- 70% maximum LTV
- £50,000 minimum loan
- Not suitable for buyers wanting to retain offshore flag