|
|
Post by bromleyxphil on May 21, 2017 18:48:37 GMT
Hi guys
I am going to have a look at a sailaway that someone bought from a recognised builder and then due to personal circumstances hasn't been able to fit out. If my prospective layout works on it and I can agree a price what processes would you advise to determine the ownership of the boat? My worry is if there is some kind of finance stake in the boat.....is there a HPI type search?
phil
|
|
|
|
Post by Delta9 on May 21, 2017 19:01:12 GMT
He should have a bill of sale or proof of payments to the boat builder.
|
|
|
|
Post by Mr Stabby on May 21, 2017 19:04:56 GMT
As above, there is no central register for boat ownership so all you can do is find the paper trail.
|
|
|
|
Post by bromleyxphil on May 21, 2017 19:04:59 GMT
Thanks for your quick reply Delta 9 and Mr stabby will the bill of sale indicate any finance against the boat?
|
|
|
|
Post by Delta9 on May 21, 2017 19:19:09 GMT
Thanks for your quick reply Delta 9 and Mr stabby will the bill of sale indicate any finance against the boat? Not always. There is no easy and foolproof way of checking if there is any outstanding finance. The best you can hope for is a receipt/bill of sale from the builder stating that he has received payment from the buyer (who is now the seller). That should establish that the buyer paid for the boat himself. Nothing is definitive proof though, and I suppose it would be pretty easy to make up a fake bill of sale. |
|
|
|
Post by Mr Stabby on May 21, 2017 19:34:19 GMT
To be honest it's very difficult to obtain any type of finance against any type of boat and the concept of asset finance secured against a sailaway boat is pretty much non-existent. I borrowed money to buy my boat, but I had to pretend it was a caravan, and my bank didn't ask me any questions at all about the identity of my caravan to be.
|
|
|
|
Post by bromleyxphil on May 21, 2017 20:12:46 GMT
To be honest it's very difficult to obtain any type of finance against any type of boat and the concept of asset finance secured against a sailaway boat is pretty much non-existent. I borrowed money to buy my boat, but I had to pretend it was a caravan, and my bank didn't ask me any questions at all about the identity of my caravan to be. So in general folk don't borrow against the boat. |
|
|
|
Post by smileypete on May 21, 2017 20:33:06 GMT
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 21, 2017 22:21:18 GMT
To be honest it's very difficult to obtain any type of finance against any type of boat and the concept of asset finance secured against a sailaway boat is pretty much non-existent. I borrowed money to buy my boat, but I had to pretend it was a caravan, and my bank didn't ask me any questions at all about the identity of my caravan to be. So in general folk don't borrow against the boat. They used to, we did. Marine mortgages which are similar to a mortgage on a property were very common. Companies that will do it are now few and far between though. I also don't believe it was common for such companies to offer secured loans on sailaways. |
|
|
|
Post by bromleyxphil on May 23, 2017 20:26:05 GMT
Cheers guys goin looking and for a measure up tomorrow.
|
|
|
|
Post by bromleyxphil on May 25, 2017 20:47:10 GMT
Well an interesting evening I met the guy and his partner and now know he has a genuine reason to sell the boat. I did lots of measuring and need to work out how to fit in what I want and if it will work with the window placements. The guy didn't know what an RCD was let alone have one. Is this a deal breaker? its lined out in 20mm kingspan which seems to be stuck to the boat. Is this as good as sprayfoam? Should I be worried about what is behind it? it has a canaline 38 fitted. Good engine? Big enough to do rivers with a 57ft boat? A bit of water in the engine bay and a bit of rust on the driveshaft " I will try to attach a photo" Should I be worried?  it has had a "professional" paint job which looks quite good but you could see the joints in the big plates on the top and body and it seemed to be blistering a tiny bit on the front deck. The white panel lines and the name was all "stick on" which I didn't like. Is it easy to get the stick on off?  single glazed hopper windows and port holes? appriciate your thoughts |
|
|
|
Post by Mr Stabby on May 25, 2017 20:59:03 GMT
I believe a new boat has to have an RCD before it can be registered. Possibly you can get this done yourself?
Personally, I'd say that both the engine and (presumably PRM 125) gearbox are at the very minimum spec for a 57' boat and you may struggle on rivers.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 25, 2017 21:03:58 GMT
I believe a new boat has to have an RCD before it can be registered. Possibly you can get this done yourself? Personally, I'd say that both the engine and (presumably PRM 125) gearbox are at the very minimum spec for a 57' boat and you may struggle on rivers. It will be fine on none tidal rivers. And I know boaters who coped on tidal rivers with a similar combination with sensible planning. |
|
|
|
Post by Mr Stabby on May 25, 2017 21:13:11 GMT
I believe a new boat has to have an RCD before it can be registered. Possibly you can get this done yourself? Personally, I'd say that both the engine and (presumably PRM 125) gearbox are at the very minimum spec for a 57' boat and you may struggle on rivers. It will be fine on none tidal rivers. And I know boaters who coped on tidal rivers with a similar combination with sensible planning. Yes, but if I was having a 57' boat built from scratch then I would specify a Canaline 42 with a 150 gearbox. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 25, 2017 21:18:14 GMT
It will be fine on none tidal rivers. And I know boaters who coped on tidal rivers with a similar combination with sensible planning. Yes, but if I was having a 57' boat built from scratch then I would specify a Canaline 42 with a 150 gearbox. That would rather depend on planned cruising patterns. If there is no intention to stray on to tidal waters then the spec. quoted would be no problem. Horses for courses. |
|
