Financing to meet your requirements
Our Expertise
CGI Finance, as a market leader in the pleasure boat market, realises the sailing dreams of its clients.
CGI FINANCE OFFERS CUSTOMIZED AND COMPETITIVE FINANCING SOLUTIONS.
We provide efficient, personalised and confidential assistance and support.
Marine mortgages and loans:
• Available on new and used boats.
• Long terms available.
A Simple Solution
We offer the services of our team of marine specialists to provide a flexible and individual response to your enquiry. These financial solutions are adapted to your requirements. We will work to guide you through the acquisition process. We will assist you every step of the way.
Loan terms of between 4 – 15 years for loan amounts not exceeding 70% of the purchase price of the new boat.
Your finance may be in Pounds Sterling or Euros. The choice of currency will be fixed from the outset. For further information, to make an application or to discuss your project further without commitment, please contact:
Compagnie Generale de Location d’Equipments UK
Tel: 01590 610689
Email: info@cgifinance.co.uk
First Floor
55 High Street
Lymington
Hampshire
SO41 9AH
Valid as from March 2024
Charges
CGL shall be entitled to make the following charges and to adjust the said charges from time to time (where we are permitted to make such charges on which see the first 9 pages of this Agreement):
Late Payment/default charge £/€ 100
The above charge is commensurate with and reflects the actual administrative cost of performing the action.
Fees and expenses
Set out below is a list of the amount of certain of the fees and expenses that may be incurred in connection with this Agreement. This list is indicative only, and the actual fees and expenses charged to the Borrower by the Creditor will depend on a number of factors, including:
- the jurisdiction of registration;
- the location of the Boat for the tonnage survey;
- whether the Boat is new or unregistered or there is a change of ownership
- whether preparation, administration and registration is straightforward;
- the time spent by any agents or sub-contractors of the Lender undertaking any of their responsibilities on behalf of the Lender to facilitate the administration required under this Agreement or the Mortgage;
- any bespoke requests by the Borrower;
- any reasonable remuneration, costs, charges or expenses of a Receiver appointed to act on your behalf pursuant to the terms of the Agreement.
| Expense | Guide amount (excluding VAT) |
| Agent’s fee for registering the Boat, Mortgage and Notice of Mortgage Intent (if applicable) assuming a straightforward registration | £370 |
| MCA fee for Notice of Mortgage Intent | £37 |
| MCA fee for Registration of Mortgage | £101 |
| MCA fee for Full Registration | £153 |
| Transcript of Registry | £29 |
| Tonnage survey fee | £295 |
| Tonnage Plate (showing official number and net tonnage) | £20 |
| Companies House fee (companies only) | £15 per charge |
| MCA 5-year renewal fee | £72 |
| Agents fees for re-registration after 5 years | £160 |
| Agents fees for discharge of the mortgage | £160 |
Such fees and expenses are subject to change which is outside our control.
The Lender’s agent will register the Boat and the Mortgage, and arrange the Tonnage Certificate required for registration of the Boat. The tonnage survey fee is calculated on the basis that the Boat is in the United Kingdom. This fee includes the MCA fees which could be subject to change by the MCA between the date of execution of the Agreement and the date of completion of the registration of the Boat. IF THE BOAT IS NOT IN THE UNITED KINGDOM THERE WILL BE AN ADDITIONAL CHARGE FOR THE TONNAGE CERTIFICATE, WHICH IS AVAILABLE ON REQUEST FROM THE LENDER.
Further, if you are a company or limited liability partnership, the Lender’s agent will register the Mortgage and Deed of Assignment of Earnings and Insurances (if applicable) at Companies House. The Lender’s agent will charge an additional fee of £150 plus VAT and the Companies House fee of £15 for the Mortgage and £15 for the Deed of Assignment of Earnings and Insurances.
The MCA fees set out above are the fees for standard service and registration can take between approximately 2-6 weeks. If you require the Boat to be registered as a priority, the MCA have a premium service, for which there are additional fees. The MCA premium service fees are available on request from the Lender.
Enforcement charges will depend upon the above-mentioned factors but in all cases shall reflect the actual costs of our agents.