5 Good ideas to follow when buying a narrow boat.
1.Do your homework before you start looking
This is a
really important part of the buying process and being armed with the right
advice and information will make the process of buying a narrow boat more
pleasurable and less stressful.
temptation to jump in feet first is not a wise move, take a step back and let’s
look at what information you should gather before visiting any boats.
- How often
you are going to use the boat?
- What are you going to use it
- How much cruising are you
going to do?
- New or used narrow boat?
- What style will best suit
you; traditional, semi trad, cruiser, wide beam?What size do you need?
- How much do you want to
internet to do your homework there are plenty of useful websites and forums
that will help answer any questions you may have.
are unsure what style and size boat will best suit your needs then check out
brokerage websites to see the different styles.
a good idea to talk to people who already own a narrow boat as they will be
able to guide you and help you.
2. Visit marinas
know what you are looking for it’s time to start looking for that dream boat.
By visiting marinas you will have easy access to a lot of boats all in one
Make a list of the boats you would like to view, this way you will be
prepared and will save time on the day you visit, giving you more time to spend
on the boats and talking to the staff.
It’s also a good idea to have a list of questions you may want to ask the
broker written down. If you think you are going to need an hour or so to go
over things, try ringing the marina first to see if they will make an
appointment for you.
3. Get your finance in place
how much money you have to spend is always a good thing. There are
specialist marine mortgage companies who can help and advise you, as well as
the high street banks if you need to borrow money to make your purchase.
A marine mortgage works in the same way as when you purchase a mortgage for a
house, and you will need a deposit of roughly 20% of the boats purchase price.
If you have your finances in place you will be in a good position when you make
an offer. Most brokers will ask you how you intend to finance your purchase.
If you are using a marine mortgage company they will be able to produce a
letter of intent, and if you are in the process of selling a property, your
solicitor will be able to supply a letter when you are close to completion.
4. Sort out your moorings
where you are going to keep your new purchase is a must. if you buy from a marina
they will more than likely allow you to stay a few days whilst you get your
belongings on board and sort yourself out, but then it will be time to move on.
If you are going to be continuously cruising this isn’t going to be a problem,
you just need to decide which way you are going to go!
But for those of you that need moorings, looking into this before your purchase
is a good idea. Types of mooring options are explained on the Canal and River Trust website, this is where
you will also need to obtain your mooring licence from.
5. Get a survey before you buy
when you buy a property, you should have a survey carried out. This will give
you as the buyer a clear indication of the boats condition and if there is
something wrong you may be able to get the seller to put it right or to reduce
the price. If working with a brokerage company they will be able to handle this
So that’s it!
Hopefully you will now be in a good position to go out and buy
yourself a new narrow boat. Remember it’s a large financial investment and
should be carefully thought out.