|We will agree the purchase price with you, on behalf of our seller. You will need to satisfy us that you will have
access to funds to complete the purchase within two weeks. For example, if you are buying with proceeds from
the sale of your house then you must have formally exchanged contracts with an imminent completion date agreed.
For your own protection, we recommend you make your offer “subject to survey” and “subject to current BSS
compliance”. Once your offer to purchase has been accepted we will be happy to arrange a test drive if required.
We will ask you to countersign a letter setting out the terms of the deal, to form the sale agreement between us.
We do not normally require an initial purchase deposit. What we do ask for, as a “gesture of good faith”, is the
standard cost of the dry docking and pre-purchase survey. We hold this on your behalf and use it for discharging
the accounts. A 10% deposit will be required after your survey has been carried out and before any works/repairs are
commenced. The same level of deposit will be required on the day your offer is accepted if you are buying without a
survey and we expect you to complete the purchase within 1 week of your offer being accepted.
Second-hand boats are sold without warranty. It is our strong recommendation you have a full pre-purchase “out of
the water” survey. This will be a must if your purchase is subject to marine finance.
You are free to instruct any surveyor of your choosing; alternatively, we can suggest suitable surveyors with whom
we have no financial relationship and who will act purely in your own interests. Always make sure your surveyor is
suitably qualified and has adequate liability insurance cover. All the surveyors on our list are so qualified and insured.
We aim to have arranged the survey within 7 – 10 days and would normally expect you to complete your purchase
within 1 week after you receive your surveyors report.
If you require a new BSS Certificate, we can arrange this on your behalf and there will be an additional charge.
Very few companies now offer finance for inland boat purchases but those that do may be found in waterways
newspapers and magazines.
You also need to immediately set about arranging insurance. A good comprehensive policy needs to cover third
party liability and other risks such as own damage, fire & theft and boat contents, and this needs to be in place by
Once you have bought your boat and before you can go cruising you will need a licence from Canal and River Trust.
The cost of this depends on the length of your boat. Boat licenses are not transferable and on purchase of your
narrowboat you will need to apply for a new one. You will need a Licence if you keep your boat anywhere
on the canal system, including a Marina.
In his report your surveyor will note items requiring attention. In any used boat more than a couple of years old
there are bound to be some of these, and most will be minor or purely cosmetic. Generally, you are “buying as seen”
and you have to accept these. However, should a serious defect be discovered that affects the Boat Safety or Insurance,
he will separately identify these, the cost of which we will endeavour to negotiate with the owner.
To effect completion, you will need to pay by bank electronic transfer to our Brokerage Client Account. Details of this
Account will be provided on our purchase Invoice.
As soon as we have received the money the boat is legally yours and we will issue you with a receipted invoice. It may
take a little while for the formal Bill of Sale to be completed by our seller; this will be your only legal proof of ownership
(There is no central registry of ownership like there is for housing or cars) so look after it!
If we have agreed a mooring for you in the marina, your boat will be moved to its berth. If you are mooring elsewhere
then we are happy to offer a few days’(up to a maximum of 7 days) grace for you to collect and take her away.
After this our temporary mooring charge will be applied. Should you wish to have a blacking, the engine serviced,
or some repairs or modifications/improvements carried out before you move off, then we will be pleased to quote.