Promarine Finance attends Southampton International Boat Show 2023

Join us at Britain’s biggest boating festival, Southampton International Boat Show, from Friday 15 September – Sunday 24 September 2023.

If you are planning to attend, don’t forget to visit stand E012 to speak to a member of the Promarine Finance team and discuss all things marine finance. 

We’re proud of our simple, quick and flexible finance solutions for boat ownership and want to help as many people as possible get out on the water. In fact, we’ve helped more than 1,000 boaters do just that — from first time buyers to veteran boaters.

Come to our stand, chat with us, and we can discuss how best to get you started on your boat buying journey. Want to find out if you’re eligible for boat finance? Try our Boat Finance Calculator today. 


It’s not too late to book your ticket to Southampton International Boat Show 2023! Take advantage of our exclusive discount code below.

Promo code: PROMARFINAN

To access the discounted tickets:

  • Visit the Southampton International Boat Show ticket page. 
  • Enter the promo code 
  • Once the promo code has been activated, select the ‘Exhibitor Promotion’ dropdown to reveal the discounted ticket – this will be highlighted with a green border. 
  • Select the number of tickets you would like to purchase, add them to your basket and complete the checkout process.

Promarine Finance is a leading provider of marine finance. To find out if you’re eligible, get a quote today.

Promarine Finance introduces variable rate marine mortgages to combat increasing interest rates

In a bid to continue to offer affordable marine mortgages during the ongoing cost of living crisis in the UK, Promarine Finance has introduced a new repayment plan. 

Since its launch in 2010, Promarine Finance has been offering fixed-rate marine mortgages to customers all over the UK. These affordable loans, usually spanning 10 years and occasionally a little longer for new-build boats, help boat lovers purchase the vessel of their dreams. 

As the ongoing cost of living crisis continues to impact businesses and individuals, boat lovers and marine mortgage lenders like ourselves are among those affected by increasing interest rates, vessel value, and additional boating costs. 

Whether you have been saving for the boat of your dreams or want to get on the property ladder via a liveaboard, a marine mortgage enables you to put down a deposit and pay back a monthly loan, while being able to make the most of your new purchase. 
Recently the UK’s Bank Rate, which determines the interest rate and influences bank charges, has seen a substantial increase. So what does this mean for boat buyers and all types of lenders?

Fixed rate vs variable rate

Typically, a fixed interest rate marine mortgage gives customers peace of mind, providing a known monthly budget and Promarine add a benefit of a ‘no penalty’ early settlement option. While interest rates are volatile, lenders offering fixed rate loans must factor in potential future increases to interest rates. 

Variable rates, on the other hand, operate in a similar way to traditional house mortgages. When interest rates rise, so does your repayment as a result. This can be challenging for customers as they have little control over the cost of their monthly payments. 

Both have their advantages and disadvantages. So, we have come up with a solution.

Promarine Finance’s variable rate repayment solution

Promarine Finance is introducing a new variable rate repayment option for buyers that enables us to price without the interest rate risk. Instead of increasing the monthly repayment, we will increase the repayment period. In turn, customers can stay on top of their monthly payments, and when interest rates are lowered, the repayment period is reduced.

Variable rates are quoted on all loans over £50k.


With each variable rate offer, Promarine Finance will also quote for a fixed rate option. Our standard no penalty for early settlement still applies on our variable rate deals and at the outset you can choose whether to change the payment or the term.

Promarine Finance is a leading provider of marine finance. To find out if you’re eligible, get a quote today.

Promarine Finance to attend Crick Boat Show 2023

The Promarine Finance team is thrilled to announce its attendance at this year’s Crick Boat Show, taking place from 27-29 May 2023 at Crick Marina, Northampton. 

Britain’s largest inland waterways festival is set to return with a bang, featuring a number of exciting exhibitors, seminars and boat handling sessions, and entertainment for everyone.

For three days, the exhibition transforms into Britain’s largest chandlery as over 260 exhibitors bring together the full range of inland boating supplies and equipment. 

If you’re visiting the show, come and speak to the Promarine Finance team, where they will be offering advice and finance for inland boats, liveaboards and ocean going boats. 

Stuart Austin, Director of Promarine Finance, says: “The team and I are excited for another year exhibiting a Crick Boat Show. It’s a great show to be attending with lots of variety going on, and a good opportunity to meet with new and familiar faces. 

“We’re passionate about helping more people get out on the water with our marine finance services and connecting them with the boat of their dreams in the most affordable way.”

Whether a previous boat owner, a current boat owner, or a novice, we’re here to help. Come and say hello! 

Promarine Finance is a leading provider of marine finance. To find out if you’re eligible, get a quote today.

Promarine Finance attends BoatLife 2023

The Promarine Finance team is excited to announce their attendance at this year’s BoatLife 2023.

Taking place from 16-19 February at Birmingham’s NEC, BoatLife is designed to bring together the biggest brands in marine.

With a number of high-profile sponsors and exhibitors in attendance, BoatLife is the perfect opportunity to connect with colleagues and friends, while discovering a variety of boats and equipment, including the latest and innovative models.

Come and speak to the Promarine Finance team on stand F102, where they will be offering finance and advice for ocean going boats, inland boats, and liveaboards.

Take a look at our key takeaways from last year’s BoatLife, highlighting the incredible turnout and availability for everyone, even those who could not attend. Promarine Finance is excited to see both returners and newcomers to this year’s show.

Stuart Austin, Director of Promarine Finance, says: “After a successful show last year, the Promarine Finance team is excited to be attending BoatLife 2023!

“Our team is passionate about helping more people get out on the water in a way that is cost-effective for them and will be providing attendees with advice and expertise.

Whether a previous boat owner, a current boat owner, or a novice, we’re here to help. Come and say hello!

Promarine Finance is a leading provider of marine finance. To find out if you’re eligible, get a quote today. 

British Marine Inland Boating

The BMIB annual conference saw several speakers presenting to a well attended engaging event held in the Graham Hick Stand at Worcester Cricket Club.

Speakers included the CRT, CafWin Cruisers, Barrus and others including our own MD Stuart Austin who was accompanied by Asha Siddique.

Stuart spoke about the impact of the sensationalist language chosen by the British media which can be misleading and misdirect the public. The British public is focussed on the property market and the cost of living so all news reports on these topics are sensitive and some of the reporting can be described as irresponsible.

The general economic outlook is going to be tougher than recent years but not insurmountable and open to question given the vast amount of economic factors that are used to provide forecasts, which are just that, forecasts and estimates. They are reknowned for being inaccurate.

The boating community may well be better prepared for an economic downturn and possibly insulated. The CRT provided estimates that 25% of inland boaters are continous cruisers and therefore likely to be live-aboards. We think the economic factors and lifestyle choices driving this market will remain strong.

Leisure boating, both inland and ocean motor boating may see a reduction in activity. If this happens then no doubt some boats will come on to the market for sale and if the boats for sale increase in great numbers then prices will fall. But there has been a shortage of boats for a few years now and new boats are still on long lead times. Any market correction we think will be small.

Business owners – hire boats, boat builders, chandleries, marinas and ourselves all need to beware of cash pressures affecting our customers and suppliers.

Be prepared, keep a close eye on the numbers and understand the market you are in. We all do that already right? But worth repeating this message.

Invest in your business, invest in your people and continue to market your strengths.

“Flat is Good”