Do your due diligence
Boats are not cheap. I read horror stories on the internet daily about people buying boats that were not the sellers to sell. Boats that have gone the day after the new owners have transferred the money. People who buy boat without a hull survey to find it needs over plating. No one is looking out for you in this situation, you have to do your due diligence. Unlike when you buy a new house there is no national register of boats. This means it is up to you to make sure that the person selling the boat is actually the legal owner and also that there is no finance owed on the boat. I have to admit I found this a little overwhelming, which is why I bought through a broker. Although legally I'm not sure that you are any better off this way, but the seller has to identify themselves and sign paperwork to confirm the above. The reason you need to be sure there is no loan or mortgage attached to the boat is because you become liable for the repayments if you buy the boat. I'm not sure ...