boat buyers worry

[paulsmith]

I'm looking at boats around the £20,000 mark. and am most likely to purchase via a private sale.How can I be sure that there is no outstanding loan or unpaid credit arrangements,or is it all down to trusting the seller (its a lot of money) or do I have any kind of protection when buying through a broker?

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[cliff]

Either buy through a broker or take out a MARINE mortgage through one of the reputable marine finance companies - they will do the necessary

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[tugboat]

You need a Transcript from the MCA which will cost you 13 squids. Go to their website at www.mcga.gov.uk and type 'transcript' in the search box.

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[gjeffery]

Does that help if the boat is not Part 1 registered?

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[tugboat]

Sorry to be so tardy in replying - I only just remembered to check how this thread progressed. The Transcript only applies to Part 1 reg as far as I know but I'm no expert. I suggest you give Gill Andrews at the Ships Registry a call. She was helpful to me recently. Her direct line is 029 2044 8848 according to my latest letter from her. Do let us know how you get on.

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