How it works

Each boat is "split up" into 48 shares. You buy anything from one share upwards. Each share is a week of time on the boat. Each week starts at mid-day on a Saturday and runs to mid-day the following Saturday, although by prior arranagement with the owner of the adjacent share to you, it is possible to arrange a different handover day or time - flexibility is what we want to achieve to benefit all owners!

When you buy a share, you are buying a part ownership in the boat. You pay a one off purchase price for your share, you then own that share for life, or until you sell it on (which you are free to do at any time and at any price you choose). Shares in boats tend to keep their value quite well, as the boats tend to be looked after a lot better than your average single ownership boat - mainly due to the shared costs of running the boat.

Boats are expensive things to run, no-one buys an average narrowboat as an investment, in fact when we bought our first boat, the company selling her to us said (after we'd signed the agreement) "You know what you've just bought? A hole in the water to pour money into" - they were not wrong, we spent thousands of pounds on that first boat of ours and when we eventually sold her, we didn't even break even! That's why shared ownership is so popular - you are sharing all these expensive running costs between several other like minded people.

Each share will vary in price, depending what time of the year it falls in. The summer period being the most expensive and the winter months being the cheapest. Whichever shares you buy, you can always request a swap with another owner, or even offer to "buy" another persons time, by paying their running costs for the period you want to use. All this is done automatically via your own personal login on our website.

The only other cost is the running costs of the boat: this is totalled for the year, you then pay 1/48th of this for each share you buy. So if you bought four shares, you would pay 4 x 1/48th, or 1/12th of the annual running costs. You can pay this monthly, quarterly or annually - whichever is easiest for you.

Part of the annual running costs is a management fee that we charge, this is to cover our time in managing the scheme and keeping your boat serviceable - the reason why we only sell 48 weekly shares and not 52, is because we keep four weeks back so we can perform annual servicing of the engine, hull blacking, etc.

Each boat will be different in its annual costs, so check the "Boats" page for specific details of each boat, but each one will include the following in the annual running costs:

  • British Waterways licence
  • Fully comprehensive insurance
  • Engine servicing
  • Maintenance of all onboard systems
  • Gas for cooking
  • Contingency fund for future repairs
  • Our management fee

This means that all you need to pay for when you go on holiday is your food and your diesel - we ask that you return the boat with the fuel tank full for the next person, that way you only pay for what you use.

Each boat comes with almost everything you will need for your holiday, including:

  • Pots, pans and coooking implements;
  • Crockery, knives, forks, spoons, etc;
  • Mop & bucket, dusters, cloths, etc;
  • Pillows, duvets, extra blankets;
  • Road and Canal maps;
  • A few books and other "general" reading material;
  • Radio;
  • CD Player;
  • Television;
  • Gas stove and oven;
  • Microwave;
  • Fridge/Freezer;
  • Washing machine;
All you need to bring are:
  • Food;
  • Clothes;
  • Your own sheets, pillowcases and duvet covers;

Photo of UK canalPhoto of canal in England

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