Obtaining yacht finance is an important element to purchasing most yachts. Silver Oak Capital has helped numerous clients find the right yacht mortgage to help with their dream purchase. We arrange finance predominantly for private motor yachts or sailing yachts but can also assist with commercial vessels. The principles at Silver Oak Capital have spent a lot of time at the various yacht shows around the world, most notably the Monaco Yacht Show. Other shows include Fort Lauderdale Yacht Show and the Barcelona Boat Show. There are a number of top legal firms we partner with who will help with the purchase of your vessel. As a professional finance firm we also have excellent connections with fiduciary companies in all of the top tax havens such as Jersey, Guernsey, The Isle of Man, British Virgin Islands, Malta and the Cayman Islands.
The company will act as your designated yacht financecalculator UK and provides a professional, knowledgeable service to those seeking to purchase a yacht. The length of yachts that we finance ranges from smaller 20m sailing boats to 100m super yachts. Some commercial vessels such as LNG carriers and Cargo ships can be funded through our banking relationships too. The biggest yacht show in the global calendar is the Monaco Yacht Show and has always been known as having the largest number of mega yachts by quantity and value at the event which is help in September each year.
It was cancelled in 2020 due to Covid 19 but this has not been detrimental to the yacht market as they second hand market has been extremely active with many more clients wishing to purchase motor yachts or sailing yachts. The lending market has been active too and with increased competition causing average interest rates to decline amongst most lenders. The number of lenders in this market is small and therefor it is even more important to have a finance broker who has built a strong working relationship with these lenders. There are a number of UK based lenders which focus on UK nationals and will assist them with almost any yacht size.
There are a number European based private banks who will be able to assist most clients with a private banking relationship which includes mortgage finance for the yacht over a 5 year term at a margin over base rate. This will normally be on an interest only basis and the client will need to bring new assets under management to the bank to begin the relationship. Silver Oak Capital will assist with the entire application process. In order to obtain the indicative lending offer your vessel is the spec sheet and some background on your as the borrower. We also know that purchasing a yacht is an extremely personal decision therefore the entire process will need to be handled with utmost care and in most cases discretion. Do not hesitate to contact Silver Oak Capital as our professional will be happy to discuss any of your yachts over the phone or meet you at our central London office.
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