sail-world.com
 
 
News Home Boats for Sale MarineBusiness-World Sail-World Racing Cruising Int Magnetic Is RW Photo Gallery FishingBoating
Sail-World.com : 'Buyer Beware' as Britains second-hand boats go cheap
'Buyer Beware' as Britains second-hand boats go cheap


'Buying a boat in Britain - it’s Buyer Beware'    .

It's 'Buyer Beware' in UK boat market. The thought of buying a boat in Britain and sailing home to wherever-you-are might be very attractive while the second hand boat market is so depressed, but Jane Gentry, CEO of the Yacht Brokers Designers and Surveyors Association (YBDSA) has some cautionary words.

According to Gentry, buyer pressure to find the ‘best deal out there’ has turned the UK’s used boat market into a ticking time-bomb

With less money in their pockets and more choice of used boats than ever before, boat buyers are doing all they can to grab a bargain. Unfortunately, this means they are taking more risks when it comes to protecting their purchase.

'It is easy for buyers and sellers to believe that they have got all their ducks in a row, but there’s a general lack of understanding about the legal process involved,' explains Gentry. 'The stats are alarming: reportedly over half of all the boats that our Association of Brokers & Yacht Agents (ABYA) members have for sale have issues with their paperwork that have to be corrected to ensure legal ownership. This Marine Legal Conveyancing work can be complicated and laborious, but it is all part of the legal service that ABYA brokers include in their fee.'

'In the next five years the marine industry is going to have all kinds of problems with undocumented boats,' warns Gentry. 'The recreational boating market is already awash with vessels that don’t have a proper paper trail, making the whole sector a legal minefield for future buyers and sellers.'

The ownership of a boat can only be proven with a complete trail of documents, from the original Builders Certificate from the manufacturer, right through ‘Bills of Sale’ which pass title from owner to owner. These, along with any VAT documentation, RCD Certification, other licences, certificates, engine warranties and photographs are all essential items to have when buying or selling a boat. 'The growth in popularity of on-line auction sites for buying and selling boats, has compounded the issue even further; with buyers willing to take a chance for what appears to be a great deal.' adds Gentry.

Fortunately, there is a solution. For a small fee (not a commission or a percentage) you can employ the services of an independent broker who will guide you through the whole process and help ensure that the boat you are buying: doesn’t have any hidden history; belongs to the person selling it; doesn’t have any outstanding finance, hasn’t been brought into the EU illegally, etc.

An independent Yacht Designers & Surveyors (YDSA) surveyor will also be able to identify any significant defects to ensure there are no expensive surprises waiting around the corner. As a survey is required for insurance it can have a dual use.

'Generally, buyers have more to lose in these transactions than the sellers, so it pays to be cautious when buying a boat. Getting a professional independent survey and using a broker who provides Marine Legal Conveyancing and secure banking facilities as standard, is a small price to pay for peace of mind' concluded Gentry.

About the YBDSA:
The YBDSA is the umbrella organisation for three of the UK’s leading associations of independent marine professionals, comprising ABYA, YDSA and PCA. ABYA members consist of the UK’s leading yacht brokers and boat dealers. YDSA members provide design and surveying services to all recreational boats and small commercial vessels. Together the YBDSA is the UK’s leading professional body in the marine sector, providing the gold standard for Surveyors, Designers, Brokers and Charterers since 1912.


by Sail-World Cruising/YBDSA

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=118235

6:52 AM Wed 8 Jan 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







Sail-World Cruising News - local and the World









Our new Cruising Editor editor remembers his first offshore adventure by David Schmidt, Sail-World Cruising Editor, Seattle, WA






Pacific Circuit Rally - 2015 by Island Cruising Association New Zealand,


All Points Rally departs this November by Island Cruising Association New Zealand,






World ARC 2014 reaches Australia by World Cruising Club,


A Mooring in Iceberg Alley by Rebecca Jackson,








Predictwind helps you pick the best time to depart by Richard Gladwell Sail-World.com/nz,






















4.8 million Legos all at sea by Adam Clark Estes,












In search of the Duroc
Tranquil, colourful and funky, Genoa Bay is a must stop for West Coast *Feature
Scientist pioneered tracer to reveal hidden ocean flows
Dredging activity near corals can increase frequency of diseases
World ARC heading out of the Pacific
Understanding the Ocean's role in Greenland Glacier melt
Dangerous conditions for boating on entire NSW Coast
Three Defensive Docking Strategies for Sailors
Revealing report on Search for American yacht Nina released *Feature
Dangerous conditions for boaters Byron Bay to Eden
PredictWind's Weather Routing opens your navigation options - try it!
Auckland on the Water Boat Show: Two new Bavaria yachts on display
AYSS PacificNet/Tahiti voted a success!
Sail-World Cruising Founding Editor Nancy Knudsen says farewell
Book review: Weather - you like it or not
Research shows marinas tops for economic, social benefit
Vaavud launches generation 2 wind meter
The drama begins - North West Passage sailors rescued from ice
Entering an unfamiliar bay - decision time
Baby Nemos finding their way home
High Latitude Sailing - Book of the Week   
Will the Olympics make a difference to Rio pollution? *Feature   
Blue Planet Odyssey, around world rally, begins   
Africa Europe Cruising Challenge now open for entries   
The real ‘Supermoon’ story   
Warm and noisy welcome for Oceans of Hope in La Rochelle   
Sailor rescued after Facebook call for rescue   
Solo sailing star's passion = busy environmental schedule   
El Niño (Part 2). Effects on the Pacific Ocean   
Northern Scotland: Voyage to Orkney and Shetland Isles (Part 1)   
Northern Scotland: Voyage to Orkney and Shetland Isles, photos   
The Galley Guys' favourite shrimp recipe   
Dangerous conditions forecast for NSW boaters   
Vestas Sailrocket 3 - Over the Horizon   
Rescued sailors reach shore after dramatic ocean rescue   
Yacht abandoned 170nm north of New Zealand, navigation warning out   
Tidal current installations will increase boating hazards   
Abell Point Marina looking shipshape   
Dangerous conditions for NSW coastal boaters from Thursday   
Oceanis 48 at the Sydney International Boat Show   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph, contact the photographer directly.
XLXL NEW Cru SH
LocalAds   DE  ES  FR  IT