Woodford Green, Essex United Kingdom (PressExposure) June 19, 2007 -- Marinablu International Ltd, is delighted to announce that berth finance for boat owners is now available on both the Costa del Sol and Costa Blanca, following discussions with a limited number of Spanish banks. Prior to this finance had only been available for berths in a small number of the major marinas of the Costa del Sol.
With the flattening of demand for houses, particulary on the Costas, Spanish banks have been looking for alternative lending opportunities, and now see marina berths as a solid alternative on which to lend. With the lack of new marinas and shortage of berthing facilities, many boat owners are buying berths as an investment for the future, as well as a place to moor their yachts.
The facility is available both for those looking to purchase a new berth and also to release equity for exisiting berth owners. The maximum loan to value is currently 60%, and loans are available up to a maximum of 10 years.