Thanks Fido, My thinking is that if I own a boat outright I will save £450 a month on the Mortgage plus the £400 per year for water rates. The price of the boat licence is no different to the council tax I pay. My other thoughts are that you pay before you use on a boat like Coal, gas, diesel, phone top up and internet dongle so if you don't have the money you can not buy the goods. In house you have bills every 3 months which can be a struggle to meet. And I just aint happy with all the debt