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Is a survey necessary for obtaining marine finance?

April 26, 2017Finance Marine necessary Survey

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Is a survey necessary for obtaining marine finance?

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A survey and valuation is compulsory on marine mortgages, unless the vessel is under 1 year old. As with any substantial investment, it is wise to ensure that you are receiving good value for money, via a valuation. Better still, we would recommend a consultation with a qualified surveyor. To this end, we can provide a list of the names of reputable surveyors and organizations in your area.