A Creative Solution To Narrowboat Finance
I sat with my head in my hands opposite broker, Steve Harral. He listened to me as I reeled off a list of faults unearthed during a two-hour survey.
“There’s too much to do Steve,” I told him unhappily. “There are three different heat sources on the boat. All of them have problems which need addressing before we can move on board. The Squirrel is cracked and needs replacing, and the range in the boatman’s cabin has a loose flue. That needs fixing before we can light it. We can’t use either multi-fuel stove, and we can’t turn the central heating system on because the Kabola boiler is leaking diesel!”
Steve made a note. “Anything else?” he asked. He didn’t look at all concerned. It was all right for him. He didn’t have to find the extra few thousand pounds needed to fix the problems.
“The water tank has a hole near the top. It’s holding water but if we aren’t careful every time we top up our tank we’re going to flood the boat. The tank either needs fixing or replacing.” The water tank worried me. It was probably the original tank, which meant it was sixteen-year-old plastic. Already weakened by an open crack, I didn’t know how many jolts it could stand before bursting like a ripe melon dropped from a high wall. English locks, often staffed by well-meaning but inexperienced bystanders, are no place for a delicate craft.
I carried on working my way through my mental list. “The generator’s in a bit of a state too. It’s leaking in three or four places. An effort’s been made to seal the leaks with epoxy, but it hasn’t worked. That needs servicing too before we can use it.”
Steve scribbled on his reporter’s notepad again. “Is that it?”
“No, I’ve saved the best till last. We opened the gas locker hatch to reveal a real can of worms. There are four reasons why the boat shouldn’t have passed its BSS exam eighteen months ago. Two are quick fixes. I’m not bothered about them, but the other two need some work. Concrete has been poured into the front half of the gas locker to raise the floor. Because the steel base is now inaccessible, it’s an automatic fail until the concrete is removed so the steel can be examined. But the bigger problem is the bow thruster housing.” I explained what my mate and Boat Safety examiner, Russ, had told me about the potential for leaking gas to flow from the locker into the bilge and back to the engine. “There’s a lot of work which needs doing before we can consider moving on board. We can’t afford to have it done at the moment. Do you have any bright ideas?”
Steve looked up from his notes and saw my worried look. “Look, I don’t think any of this is going to be a problem. As far as I’m concerned, these jobs are the seller’s responsibility. I’ve been in this kind of situation many times before. Most sellers look at their boats through rose tinted glasses. They think their pride and joy is perfect. It’s often far from it. If I make these issues go away, are you still interested in buying the boat?” Of course, I was still interested. I had always admired Steve Hudson boats for their elegant design and quality build. I was also acutely aware how few narrowboats for sale have what I consider to be adequate storage space. Although Orient didn’t quite have as many built-in cupboards and drawers as my old Norton Canes boat, it came pretty close. I felt reasonably confident that even after Cynthia’s recent attempt to buy one of everything Amazon had for sale, we would be able to store all our worldly goods and still have a tidy boat.
Steve correctly interpreted my nodding dog impression as agreement. “Right then, I need to try to have a chat with Stuart.” Stuart Palmer was Orient’s owner. Although I hadn’t met him or his wife Sue I liked them immensely. They were clearly exceptionally kind and trusting people.
Our proposed purchase was far from straightforward. All of our money was invested in our two homes; a 2003 Hymer motorhome and a 1983 Dutch Linssen yacht. We could raise up to half of Orient’s asking price via a bridging loan through Cynthia’s American bank. We hoped to pay most of the balance when we sold our Hymer. The remainder would come from the proceeds of our boat sale sometime the following year. We hoped.
Stuart and Sue had bent over backwards to accommodate us. Now we would be testing their generosity to breaking point by asking them to swallow the cost of the boat’s essential repairs, replacements and modifications. The first step, actually talking to them, was far from easy.
Their son was tying the matrimonial knot thousands of miles away. While the Palmer family cavorted somewhere on a Mexico beach, far, far away from working smartphones, tablets or laptop computers, we waited and worried. Stuart and Sue wouldn’t be back in dark and damp England for a further four days. I hoped and prayed that their enthusiasm to sell to us wouldn’t be dampened by an unhappy return to a wet English autumn or a tequila-induced hangover. Time would tell. In the meantime, I had a long drive ahead of me.
I didn’t enjoy the journey back to Holland. Ten hours of tedious motorway driving, broken by a lengthy wait at Eurotunnel’s Folkestone terminal.
I booked a return Channel Tunnel crossing a month earlier when I took our Hymer to England to have some warranty work done. I didn’t know exactly when I would be able to return. The repairs took longer than expected, so I had already altered my return date once. The fee for changing a ticket date depends on train availability. The charge to switch to an early morning train was a very reasonable £1. I arrived at the terminal at 10pm feeling reasonably wide awake after my six-hour drive from Tattenhall marina. I knew the cost of switching again to the 10pm train was an eye-watering £95, so I decided to try the sympathy card.
The uniformed guy at the ticket barrier appeared happy enough. I adopted a miserable expression. I told him about my poorly wife suffering unpleasantly on a damp and partially heated boat moored on a windswept Dutch marina. I explained how an earlier train would improve both her physical and mental health immeasurably. He nodded sympathetically and called his supervisor.
“Good news!” he told me with a smile as he finished his call. You can change to the 10pm train and get back to your wife early.” He fiddled with the display in front of him. “That’s £95. How do you want to pay?”
I put away my wallet and steeled myself for a night trying to sleep in a floodlit carpark, and hoped that Cynthia would understand.
I didn’t enjoy my return to work at a high-end Dutch marina at all. I always felt that I didn’t quite fit in. There was the language issue for a start. Nearly all young Dutch people can speak English when they have to but, of course, they don’t need to very often when most of their coworkers are Dutch. Coffee breaks in the canteen have always been a painful affair, both emotionally and physically. The Dutch are not a quiet race, especially in a workshop canteen. Imagine ten men all trying to talk at once in a language you don’t understand, usually with mouths filled to overflowing with chocolate spread covered bread, at the volume of a four-engined jet struggling to leave Mother Earth. It’s enough to make your ears bleed.
The one saving grace, for me, is the Dutch obsession with cream cakes.
If you have a birthday, if you get a promotion, if you start or leave a job, or if you just fancy enhancing your artery-clogging diet, you stagger into work bow legged under a towering pile of cardboard boxes filled with fresh cream cakes. That’s a typical canteen coffee break in Holland; rounds of dry bread spread thickly with sweetened chocolate spread, a doorstep wedge of sponge filled with fresh cream and a mug of caffeine thickened with heaps of sugar. It’s no wonder my co-workers sounded like guests at a children’s birthday party. I sat quietly on my own reading my Kindle and marvelling at the empty calories being devoured with such enthusiasm while I ploughed my way through my own knee-high mound of cream.
Steve phoned me on a wet Wednesday as I half-heartedly polished the hull of a £300,000 second-hand speedboat. “I have some news which I think you’ll like,” he offered enigmatically. What news did Steve think I would like? That the sun was shining on Tattenhall marina, that Orient was still leak free despite not being heated during the recent cold snap, or could it be that he had finally spoken to the elusive Palmers?
“I spoke to Stuart yesterday. I told him about the problems. I didn’t phone you then because he needed to talk to his wife before making a decision. I have good news for you. They have agreed to lower the sale price by the total of the quotes for all the different repairs!” This WAS good news, but not great news. In my experience, a quoted price is often far removed from the final bill. It’s an indication, a starting point and, on occasion, complete guesswork. I suggested, for us, a better solution.
“I want the price we pay to include the total cost for all of the work done,” I told him. “What if we pay you a substantial deposit. Rather than Stuart having to pay for any repairs, you can use the deposit to pay for them. You can reduce the boat price by the final repair bill total. How about that?”
“I see your point,” agreed Steve. “I’ll need to run your idea by Stuart. I’ll get back to you as soon as I’ve heard from him. In the meantime, I have some more news for you. Stuart and Sue may want to take your motorhome in part exchange.” That was marvellous news. Orient’s annual mooring at Tattenhall marina expired at the end of December. We didn’t want to renew it but, until CRT’s contractors had completed on the various locks and bridges on our route back to Warwickshire, we wouldn’t have anywhere to store the Hymer when we advertised it for sale. We could hardly adopt a continuous cruising lifestyle on Cheshire’s canals with a five-tonne motorhome to think about. Stuart and Sue taking our motorhome would solve that problem instantly.
Then Steve stuck a pin in my growing bubble of happiness. “Oh, I just want to confirm one detail with you. The Hymer is right-hand drive, isn’t it?” Shit. No, it wasn’t. The vehicle was UK registered but designed for continental travel. The speedometer was calibrated in kilometres, the odometer the same and, more importantly, the steering wheel was definitely on the wrong side for driving on English roads.
I waxed lyrical about the joy of continental touring compared to motorhoming in the UK. I talked about the weather, the food, free campsites, magnificent scenery, the French people’s love affair with motorhome owners and their disposable income. I spoke passionately and perhaps a little desperately. Steve didn’t appear impressed at all.
“Look, here’s Stuart’s email address and telephone number. He insisted that they wanted a right-hand drive vehicle. Maybe you can convince them left-hand drive will work for them.” Steve’s tone suggested otherwise, but I had nothing to lose by speaking with the Palmers.
I phoned Stuart briefly. I tried to switch his allegiance to foreign roads. He listened without enthusiasm and then ended the call with what I suspected was a ploy I had used all too often before. “That’s all very interesting Paul, but I have to go. My wife is waving at me. We’re late for an appointment.”
I was bitterly disappointed. Over the last half hour, I had gone from worrying about the logistics of selling our six-wheeled home to virtual euphoria at the thought of a quick sale, to a deep depression when I suspected we were back to square one. All I could do was wait and hope that the Palmers contacted us again when they had more time.
So I waited and waited, and then I waited some more.
I received an unexpected and very welcome email three days later. “We haven’t completely discounted the possibility of buying a left-hand drive motorhome…” Sue began. It wasn’t the positive reply I hoped for, but it wasn’t a flat-out refusal. She wanted details about the vehicle’s condition, service history and running costs. All of her questions indicated interest and ignited a tiny flame of hope. I emailed the details, complete with a link to an online photo album of the Hymer dominating a variety of exotic landscapes. And then I waited some more.
Sue replied two days later. More positive news. They wanted to do a deal. She suggested taking the motorhome in part exchange and then named the balance they wanted us to pay. The proposal was good in principle, but the email didn’t address who was going to be responsible for the necessary repairs to the boat before we could move on board. I pointed that out to her. The Palmers need to think some more.
In the meantime, I still don’t know how much the repairs are likely to cost, who’s going to be doing them, and when they can be done. We hoped to be on board by Christmas. That deadline is feeling more and more unrealistic.
Tattenhall marina has sublet their marina workshop. The new guy will be open for business tomorrow. He’s going to quote for the work. If his price is acceptable, he should be able to start work immediately. In a perfect world, he would work on our boat to the exclusion of all else, all the parts he needed would be readily available, and he would be finished within a week. Oh, and pigs would fly, and money would grow on trees.
Discovery Day Update
Thank you to those who have booked a day with me in 2019 already. And a big thank you to two of my future guests who asked if I could package a Discovery Day as a Christmas gift. What a great idea. On a feedback form, I received two or three years ago one happy lady told me, “This has been the best anniversary gift I’ve received in twenty-four years of marriage!” I know how much people enjoy their eight-hour cruise with me, so what a wonderful gift to give at a time of the year when balmy summer days are a distant memory.
If you are wondering what on Earth you can buy your significant other for Christmas, here’s an opportunity to arrange something they will really enjoy. They’ll receive an animated Jackie Lawson boating card on Christmas Day with a message including a link to a special Christmas gift. The lucky recipient will land on a Christmas Discovery page on my site describing the treat in store for them in detail. It’s a gift they will always remember fondly.
If you want to see the Discovery Day route, here’s a virtual cruise along the combined Oxford and Grand Union canals between Napton and Braunston junctions.
The video was put together by Discovery Day guest Mike Shacklock on a gorgeous summer’s day in June 2015. The relaxing video shows a rooftop view of my boat on a calm canal and the waving helmsman of narrowboats cruising along a winding canal fringed by rolling hills. The footage ends with an ascent of the three lock Calcutt flight. Set to relaxing music, the video is a great way to rest for twenty minutes while you dream about the summer ahead and the possibility of joining this happy band of boaters.
FREE Narrowboat Course: The five ESSENTIAL choices you need to make!
Living afloat on the English canal network can by idyllic if you do your homework first. This information packed five day course will guide you through the five most critical factors standing between you and a wonderful life on the water.