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ALL ABOUT MARINE FINANCE
Okaaaaay…………….. so I am not a qualified financial advisor you
need to go to someone else to get professional advice.
But I can tell
you a story……..
Once upon a time there was a little old man with a long white beard,
sitting under a tree and he said this…..
“The best money to buy a
boat with is your money in the bank, or under the mattress!
Second best is to borrow up to £25,000 from your own bank. -or
Sainsbury’s – or Tesco’s, or whoever offers you the best deal.
You
can usually apply online or by phone and get an immediate answer
and , if successful, immediate funds will be transferred to your bank
account.
Third best is to borrow the money from someone who loves you
(maybe your parents?) and you agree to make the repayments.
Fourth best is to ask those people who love you to raise a mortgage
or a second mortgage on their home and you agree to make the
repayments.”
At this point the little old man cleared his throat, stroked his beard
and carried on
“Of course, if you already have a property rented out,
or one you intended to sell, you might do best to get a second
mortgage on that, renting it out and use the mortgage money for
“home improvements” – buying a floating home!
If you have credit cards, or are willing to apply for them, it is possible
to raise money by transferring balances from one to your bank.
If you have a card that will only allow transfers to other cards, just
use that one to transfer to the cards that do allow bank transfers” said
the little old man, with a wily wink.
“But” he continued “you need to read the small print in the offers
carefully and calculate what the cost and monthly repayments will
actually be.
Some cards offer “0%” balance transfers, but might charge a 3% fee
up front.
The other way is to go for “marine finance” a “marine mortgage” or a
loan with the boat as security!”
sighed the old man “ I have to wonder about paying another layer of
people in an office between me and the bank who actually lends the
money.
Especially since they sometimes charge a fee, sometimes a higher
rate of interest and always want to know everything about my boat as
well, which can make everything take so long.
But there are times when Marine finance seems the best answer.
You do sometimes need professional help to raise money and, of
course that help will cost something.” I hope you enjoyed this (purely
fictional) story about the little old man.
MARINE-Specific MORTGAGES & Finance
I have found sound advice and help in the past from Collidge and Partners. I found that if I start with them and they can’t help, they will make good recommendations where to go next. Others lenders to check out are Mercantile Credit / Barclays Marine Finance Lombard Marine Finance However it has often been the case that a loan quote for a Residential cruiser, is a lot higher over the term of the loan than a quote (maybe from another lender) for a LEISURE cruising boat – so, as always, it pays to shop around.
STOP PRESS !!
YOU CAN SELL YOUR HOUSE HERE NOW OR GET A SECOND MORTGAGE AND LET YOUR HOUSE OUT TO FINANCE YOUR HOUSEBOAT!!
Just phone or visit The Houseboat Centre and ask for ROB!
He will also find accomodation for you to rent while you build or complete your houseboat.
Just another excellent service from THE HOUSEBOAT CENTRE ~ Your One-Stop Shop, helping you to Change YOUR LIFE!
Earn a lot of money online from FOREX
A number of buyers have followed my advice to work the microchanges in foriegn exchange rates to make money online, recently some have been able to buy very expensive boats.
The idea is that a piece of software known as an "Expert Advisor" or a "Forex Robot" does many very small trades, taking a tiny profit from each then selling again, all automatically without your attention.
I mention this because there has been a major independent review of all of these, to determine which gives consistently the best profit.Known as the Forex Robot World Cup it has been advertised to all producers in the world, the rules clearly published and real money invested in each system, with results displayed online in real time, Pretty exciting stuff if you were following it.
The winners will be available to the public in the middle of February 2010. This is a route that takes intelligence and determination to learn, set-up and maintain, but the rewards can be stupendous, all for working on the web.
We are fortunate in the UK that the acknowledged world leader in providing trading accounts for small traders is Alpari UK.
You can download platform software and do free practise trades just to learn how to do it, then when you are consistently making "virtual" profits", you can consider going to live trading with real money. This is a full time occupation for many individuals.
It does require mental discipline to avoid risking too much, but if you follow the rules(basically setting automatic "Stop losses", which means you sell if you lose a set amount on a trade before you take a profit.)
Have a look at these FREE Video tutorial courses(23 Tutorials in all!) to get an idea of what is involved, this is not for everyone, but quite a few of you reading this could earn a very nice boat from it!
Once you have your free trading account software and know how to use it, then look at the results of the Forex Robot World Cup to start your own constant trading system, taking small profits all the time the markets are open.
Literally earning money while you sleep!.
The Houseboat Book
The Houseboat Book
full of ideas and direct experience. The best gift you could give ~ or get ??
CLICK HERE to get your copy now.
YOU HAVE never lived on a Houseboat before? - Buy the book, read through it and then you can Call us and claim a FREE TELEPHONE INTERVIEW ~
Book the time, then I will call you on your landline for as long as it takes (could be 1 to 2 hours in some cases) ~'Everything you ever wanted to know about Houseboat living but did not dare to ask!' ~
That's right, YOU make an appointment and get a free interview discussing all the ins and outs of houseboat living.- Water, electricity, toilets, baths, moorings, planning permission, secure residential moorings, how to buy a boat. What about finance? How long does it take? Will the boat sink?.... or let the rain in? .. etc etc
Call now if you are thinking of selling your house etc and moving on to a houseboat for the first time.
We have in-house experts including one who claims to be a State-Registered Boat-Maniac (Tongue in cheek), to have lived on houseboats for over 35 years ~ made most of the mistakes and to be keen to help others avoid them.
Thousands have made the journey to have this interview over the years and invariably reported it to be most useful and helpful, geared personally to YOUR own interests aims and circumstances.
You can book your free , no-obligation, telephone interview now- .
You can call any of us at The Houseboat Centre on 020 3287 2977 to make the appointment, or have a chat about the boats you like.
SPONSORS
THE FOREX ROBOT WORLD CUP
(here is how to get more money to buy a better boat)
