According to Insure4Boats research, living on a narrowboat can save an average of £913.35 a month compared to living in a traditional house, with living expenses drastically reduced while living onboard.
"I have had a long professional career in the marine environment with extensive experience handling and manoeuvring small boats and vessels; I felt that all my experience and expertise would, therefore, not be wasted in retirement; I would still have a link to the marine environment, even on a smaller scale.
Living in a narrowboat in Greater London can see monthly expenses fall by a staggering £2,088.28 per month, the highest savings in the UK compared to living in a house.
Steve Ward from Cottingham, East Yorkshire spoke with boat insurer, Insure4Boats, about why he bought a timeshare in a canal boat.
I remember being on the canal boat for several days travelling slowly through the English Midlands when we passed under a motorway bridge, the speed of the vehicles travelling at 70mph, was quite a shock.
