Vlog 81: Share and Share Alike

Cast your mind back to the videos I did about buying a narrowboat and you may recall a brief mention of “share ownership” – that’s what this vlog is about. How do you own part of a boat, who else owns it, and how does the system work when it comes to using the boat?

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  1. Hey, … i just wanted to say thanks for a great video, which for me covered all of the top questions, in an excellent presentation. I am hoping very much to become a share owner, and have found BCBM to be very approachable and helpful. I have my eye on the gorgeous Little Dawn, a shorter narrowboat, which i think would be perfect. Fingers crossed, that i can one day take share ownership! Thank you again, for a great introductory video, Warm Regards, Davie xx

  2. Potential sharers should look carefully at just what they are paying their money for: not all schemes in the past are a full share of ownership (see http://canalworld.net/forums/index.php?/topic/90187-boat-buyers-bewaremysterton-mystery/&page=2 for example) and this can lead to problems when difficulties crop up. You may find that what is described as shared ownership is partly like timeshare that is you only own the right to use the boat for a certain number of weeks. I am not an expert and I know folk who were most content but it is an area where good legal advice is paramount.

  3. Good video, I’d wondered how ‘shares’ worked. You see them advertised so much but with no explanation of how they worked. To be honest I’d assumed, probably, like most people that they were a new take on timeshares.
    Thanks for clearing that up !

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