Last Updated
Top 10 £1 Million Commercial Mortgage Lenders in the UK 2026
.png)
Compare commercial mortgage lenders for £1 million loans
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | One Stop Business Finance | Established firms purchasing or refinancing commercial property at £1M and above | £100,000 to £3,000,000 | interest 1.6% to 3% monthly |
| 2 | Inhale Capital | Businesses needing fast commercial mortgage funding with competitive monthly rates | £0 to £2,000,000 | interest 1.05% to 1.3% monthly |
| 3 | Brightstar | Owner-occupied businesses comparing annually structured rates on commercial mortgages | From £50,000 | interest 5% to 12% annually |
| 4 | NatWest Bank | High-turnover firms seeking bank commercial mortgages at competitive annual rates | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 5 | Virgin Money | Trading businesses with 12+ months history wanting a high-street commercial mortgage | £30,000 to £10,000,000 | interest 4.5% to 10.5% annually |
| 6 | Barclays | Larger commercial property investors comparing bank funding up to £25 million | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Offa | Buy-to-let investors assessing annual-rate commercial mortgages on property purchases | £80,000 to £2,500,000 | interest 5.9% to 7.5% annually |
| 8 | Admiral leasing | Businesses exploring commercial mortgage options across a broad rate spectrum | From £1,000 | interest 5.5% to 13.5% annually |
| 9 | Together Money | Property investors needing large buy-to-let mortgages with monthly-rate structures | £50,000 to £25,000,000 | interest 0.55% to 1.5% monthly |
| 10 | MT Finance | Commercial property borrowers seeking low monthly rates on £1M-plus loans | £50,000 to £10,000,000 | interest 0.89% to 1.05% monthly |
A commercial mortgage is a secured loan for purchasing, refinancing, or remortgaging business premises such as offices, retail units, or industrial property. At the £1 million level, this type of finance typically unlocks lower interest rates than unsecured borrowing because the property acts as security. Lenders assess trading history, turnover, and the property's value, making this route best suited to established businesses with strong financials and a significant deposit.
Comparing lenders goes well beyond headline interest rates. For a £1 million commercial mortgage, the loan-to-value ratio each lender offers determines how much deposit you need — typically 25 to 40 per cent. Rate structure matters too: some lenders quote monthly rates while others use annual percentage rates, making direct cost comparison essential. A lender's experience with your property type — whether owner-occupied or investment — can affect both the terms offered and the speed of underwriting.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
One Stop Business Finance
Published loan range£100,000 to £3,000,000
Rate typeinterest 1.6% to 3% monthly
Overview: One Stop Business Finance lends up to £3 million against commercial property. Businesses with strong trading history can access mortgage funding at the £1 million level. Funding can complete in five days. Monthly interest rates apply, so total cost depends heavily on the term length.
Best next step: Secured commercial mortgages to £3 million with five-day funding.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Secured lending to £3 million
- Funding in as little as five days
- Flexible property-backed deal structures
Need to know
- Monthly interest rates apply
- Strong trading history needed
- Legal and valuation costs likely
Expert take
A flexible secured lender that works with established SMEs on property-backed deals. For a £1 million commercial mortgage, businesses with clear affordability and suitable security will find the lending appetite is genuine.
Source:https://www.osbf.co.uk/
Inhale Capital
Published loan range£0 to £2,000,000
Rate typeinterest 1.05% to 1.3% monthly
Overview: Funding within 24 hours is what sets Inhale Capital apart for property-backed deals. Monthly rates start at 1.05%, and lending reaches £2 million. This speed suits urgent purchases or refinancing deadlines. The trade-off: short-term bridging style funding may not suit businesses seeking a long-term mortgage repayment structure.
Best next step: 24-hour property-backed funding up to £2 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions and funding within 24 hours
- Property-backed deals to £2 million
- Monthly rates from 1.05%
Need to know
- Bridging-style short-term funding
- Valuation and legal costs apply
- Exit strategy likely required
Expert take
A fast-moving property lender that prioritises speed over lengthy underwriting. For a £1 million commercial mortgage need with a tight timeline, the 24-hour turnaround is genuinely useful where the property stacks up.
Brightstar
Published loan rangeFrom £50,000
Rate typeinterest 5% to 12% annually
Overview: Brightstar's annual rates start at 5%, making it a cost-conscious option when borrowing £1 million against commercial property. Lending starts from £50,000, with funding decisions often within 24 hours. The annual rate structure provides clearer cost visibility than monthly-rate alternatives. Rates reach 12% for higher-risk deals.
Best next step: Annual rates from 5% on property-backed commercial lending.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Fast 24-hour lending decisions
- Loans available from £50,000
Need to know
- Rates rise to 12% for higher risk
- Property-backed short-term focus
- Valuation costs may apply
Expert take
A property specialist with an annual-rate model that simplifies cost comparison. Businesses seeking a £1 million commercial mortgage will appreciate the rate transparency, with pricing sharpest at lower loan-to-value ratios.
.png)
NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest brings bank-grade commercial mortgage lending with annual rates starting at 4.5%. Loans range from £500 to £10 million. The product accommodates commercial property purchases at the £1 million level. Expect thorough affordability checks and a longer underwriting timeline than specialist lenders.
Best next step: Bank commercial mortgages from £500 to £10 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Lends up to £10 million
- Established high-street lender
Need to know
- Slower bank underwriting process
- Strong financials typically required
- Personal guarantee may be needed
Expert take
A mainstream bank whose commercial mortgage product suits established businesses with clean financials. At the £1 million level, rate competitiveness rewards low-LTV deals, and the underwriting rigour reflects high-street lending standards.
Source:https://www.natwest.com/business/loans-and-finance.html
Virgin Money
Published loan range£30,000 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Virgin Money structures commercial mortgages from £30,000 to £10 million, with annual interest rates between 4.5% and 10.5%. A £1 million facility can be arranged on a term basis suited to property acquisition or refinance. The annual rate model offers predictable repayment costs, though bank-style credit assessment applies throughout.
Best next step: Term-based commercial mortgages to £10 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Commercial mortgages to £10 million
- Term-based repayment structure
Need to know
- Bank underwriting can be slow
- Strong trading history expected
- Personal guarantee may apply
Expert take
A recognisable banking brand with a commercial mortgage range that scales to £10 million. For a £1 million property loan, the term structure and annual-rate model make cost planning straightforward, assuming the business meets the credit threshold.
Source:https://uk.virginmoney.com/business/business-borrowing/
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays lends up to £25 million through its business mortgage product. Annual rates range from 8.5% to 14.9%, with bank-level due diligence standard for commercial property borrowing at the £1 million level. Expect a thorough underwriting process and strong financial checks before an offer is made.
Best next step: Business mortgages to £25 million from a high-street bank.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Business mortgages to £25 million
- Secured lending for property purchase
- Major high-street bank backing
Need to know
- Rates start at 8.5% annually
- Full bank underwriting required
- Strong financials typically needed
Expert take
A major high-street bank with a business mortgage range extending to £25 million. At the £1 million mark, lending capacity is unquestionable; the rate band of 8.5% to 14.9% means pricing depends heavily on the strength of the application.
Offa
Published loan range£80,000 to £2,500,000
Rate typeinterest 5.9% to 7.5% annually
Overview: Offa focuses on property-backed lending with annual rates from 5.9% to 7.5%, lending between £80,000 and £2.5 million. A £1 million commercial mortgage aligns with the lender's specialist remit. Decisions can come within an hour, which is unusually fast for property-secured funding at this level.
Best next step: Property-backed lending with one-hour decisions.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.9%
- Decisions in as little as one hour
- Lends up to £2.5 million
Need to know
- Property-backed focus
- Buy-to-let product structure
- Valuation costs likely apply
Expert take
A property-focused lender whose quick-decision model stands out for time-sensitive deals. Businesses after a £1 million commercial mortgage will find the rate band competitive, and the one-hour decision timeline is rare at this loan size.
Source:https://offa.co.uk/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing offers commercial mortgages alongside its asset finance range, with annual rates from 5.5% to 13.5%. A £1 million property-backed deal is structured on a secured basis, and lending starts from £1,000. Funding can be arranged within four hours, suiting businesses that need certainty at pace.
Best next step: Secured commercial mortgages with four-hour funding.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Funding possible within four hours
- Secured commercial mortgage product
Need to know
- Rates reach 13.5% for higher risk
- Strong trading history expected
- Legal and valuation costs apply
Expert take
A lender better known for asset finance but with a secured commercial mortgage offering that can handle £1 million deals. The four-hour turnaround and annual-rate model suit businesses that value speed alongside cost clarity.
Together Money
Published loan range£50,000 to £25,000,000
Rate typeinterest 0.55% to 1.5% monthly
Overview: Together Money combines a lending range up to £25 million with 24-hour funding capability. Monthly rates from 0.55% apply to property-backed deals. A £1 million commercial mortgage is routine rather than exceptional at this scale. Monthly interest means costs should be tracked against the planned term.
Best next step: Large-scale property lending to £25 million.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £25 million
- Funding within 24 hours
- Monthly rates from 0.55%
Need to know
- Monthly interest rate structure
- Buy-to-let mortgage focus
- Valuation and legal costs apply
Expert take
A large-scale property lender whose £25 million ceiling makes £1 million deals straightforward to accommodate. The monthly-rate model rewards shorter terms, and businesses should model total cost carefully against the repayment timeline.
Source:https://togethermoney.com/
MT Finance
Published loan range£50,000 to £10,000,000
Rate typeinterest 0.89% to 1.05% monthly
Overview: MT Finance charges monthly rates from 0.89% to 1.05% on property-backed lending up to £10 million. The tight rate band means cost visibility is stronger than lenders with wider pricing spreads. For commercial mortgage needs at the £1 million level, funding can complete within 24 hours. Monthly interest applies, so the term length directly drives total cost.
Best next step: Tight-rate property lending to £10 million.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Tight rate band: 0.89% to 1.05%
- Lends up to £10 million
- Funding within 24 hours
Need to know
- Monthly interest rate structure
- Short-term property focus
- Exit strategy may be required
Expert take
A property lender with a notably narrow rate spread, which reduces uncertainty when pricing a £1 million deal. The monthly-rate model suits shorter-term commercial mortgage needs, and the 24-hour timeline keeps momentum on live transactions.
Source:https://www.mt-finance.com/
Commercial Mortgage Calculator
What affects rates on a £1 million commercial mortgage
Rates at the £1 million level sit across a wide band. High-street banks like NatWest and Virgin Money publish commercial mortgage rates from 4.5% to 10.5% per year. Specialist lenders such as Brightstar start at 5% and can reach 12% per year. Short-term and bridging-style providers quote monthly: Inhale Capital publishes from 1.05% to 1.3% per month, while One Stop Business Finance ranges from 1.6% to 3% per month.
The spread reflects the lender's assessment of risk. A business with consistent profits, clean credit and a standard property will land near the bottom of the range. A weaker application will drift upward. At £1 million, lenders also price based on the wider relationship. A business with existing banking ties may secure better terms than one approaching a lender cold. The difference between the lowest and highest rate on a loan of this size can run into tens of thousands of pounds across the term.
How LTV and deposits work for a £1 million commercial mortgage
Loan-to-value ratio determines how much deposit you must put down. Most commercial mortgage lenders at this level cap LTV between 70% and 75%. On a £1 million purchase, that means a deposit of £250,000 to £300,000. The table below shows where several lenders sit.
| Lender | Maximum LTV |
|---|---|
| Brightstar | 100% |
| Offa | 80% |
| Together Money | 75% |
| One Stop Business Finance | 75% |
| MT Finance | 70% |
A lower LTV often unlocks a better rate because the lender carries less exposure. Stretching your deposit from 25% to 35% can move you into a cheaper pricing tier. Brightstar's 100% LTV figure is unusual and typically requires additional security beyond the property itself. For most borrowers, the deposit remains the single largest hurdle on a £1 million commercial mortgage.
Business financials lenders review for £1 million commercial mortgages
At £1 million, lenders need proof you can service the debt comfortably. NatWest expects a minimum turnover of £300,000. Smaller specialist lenders may not publish a fixed threshold, but they still scrutinise your last two to three years of accounts or management information. They want consistent profitability and headroom above the loan repayments. A business turning over £500,000 on thin margins will face tougher questions than one turning over £1.2 million with healthy net profit.
Trading history matters. Virgin Money requires at least one year. Most lenders at this level prefer two years or more. Younger businesses will find fewer options and should expect to put down a larger deposit or offer extra security. Personal guarantees are standard across the board. One Stop Business Finance, Inhale Capital, Brightstar, NatWest and Virgin Money all require them. Directors should be prepared to back the loan personally.
How property type shapes your £1 million commercial mortgage application
Not all commercial property attracts the same lender appetite. Offices, retail units and industrial warehouses are widely accepted and priced competitively. Pubs, care homes, petrol stations and leisure sites narrow the field and can push rates higher. Lenders assess how easily they could sell the asset if the loan went into default. A niche property with a limited buyer pool introduces more risk, and the rate or LTV cap will reflect that.
Some lenders also draw a line between owner-occupied premises and investment property. A business buying its own trading unit may access different terms than one purchasing to let. At the £1 million mark, the valuation itself is critical. Lenders instruct their own surveyor and lend against the lower of purchase price or valuation. A down-valuation reduces effective LTV and can leave you scrambling for a larger deposit. Specialist property types may also trigger a lower maximum LTV regardless of how strong your financials are.
