Mortgage Registration

UKSR Watermark

Merchant, Large Yacht and Pleasure Vessels (Part 1)

A mortgage is a special document called a deed which makes a ship (or shares) a security for the repayment of a loan (or the carrying out of any other obligation). It is by this deed that the registered owner states that the ship is to be used as security for a loan.

A mortgage may be referred to as an encumbrance. It may cover the whole ship or a certain number of shares.

All shares to be mortgaged must be owned by the person(s) who wants to mortgage them.

Account current mortgage deed 

Principal sum mortgage deed 

Notice of mortgage of intent 

Registration fee