Top 10 Lenders to Secure £800,000 Asset Refinance in the UK (2026)
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Top 10 £800,000 asset refinance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Capital release against high-value machinery and equipment | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Refinancing owned vehicles and plant at fixed annual rates | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Flexible asset refinance for businesses trading over 12 months | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Annual-rate refinance for businesses holding unencumbered equipment | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Bank-backed asset refinance with transparent fixed-rate pricing | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Established businesses refinancing assets through a high-street bank | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | Barclays | Large-scale asset refinance across diverse equipment portfolios | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | Novuna | Mid-to-large asset refinance for businesses with strong trading history | £10,000 to £5,000,000 | interest 4.5% to 12.5% monthly |
| 9 | Aldermore Asset finance | Accessible asset refinance suitable for businesses of all sizes | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Bespoke high-value refinance for established mid-market and larger firms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets businesses release capital from owned equipment, vehicles or machinery by using them as security for new lending. You can either refinance an existing asset finance agreement or borrow against assets you own outright. For established UK businesses holding assets worth £800,000 or more, this unlocks significant working capital without selling operational equipment. The funds typically support expansion, cash flow management or debt consolidation while you keep using the assets day to day.
Comparing asset refinance lenders at the £800,000 level means looking beyond the headline rate. Some funders only refinance their own agreements, while others accept assets funded elsewhere. Loan-to-value ratios typically range from 60 to 80 per cent, directly affecting how much capital you can release. Rate structures vary: monthly factors suit shorter terms, annual rates make longer commitments clearer. Check whether the lender caps total facility size above your current need so the arrangement can grow with your business.
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.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Monthly rates from 0.99% to 3% keep borrowing costs predictable when refinancing plant, machinery or vehicle fleets. Reward Funding structures facilities against asset value, making it suited to businesses that own substantial equipment and want to unlock capital without selling. Valuation costs and legal fees will apply at this level.
Best next step: Check asset eligibility and rate bands
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Flexible drawdown against multiple assets
- Lends against machinery and vehicles
Need to know
- Valuations and legal fees apply
- Asset eligibility checks required
- Rates reviewed periodically
Expert take
A specialist asset-based lender that prices by monthly rate rather than APR. For an £800,000 refinance, the asset-led approach plays to your strength if equipment is well-maintained and readily valued.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funding decisions within 24 hours suit businesses that need to move quickly on a refinance deal. Liberty Leasing lends against owned equipment and vehicles, releasing capital back into the business while preserving existing cash flow. Expect deposits and independent valuations on harder-to-price assets.
Best next step: Prepare asset schedules for faster underwriting
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decisions within 24 hours
- Preserves day-to-day cash flow
- Lends against equipment and vehicles
Need to know
- Deposits may be required
- Valuations on specialist assets
- Annual rates from 11% to 16%
Expert take
A responsive asset finance provider known for quick turnaround on straightforward deals. The refinance structure works well if your assets are standard vehicles or common machinery with clear market values.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: With facilities reaching £5 million, Lombard handles large-ticket asset refinance across entire fleets, production lines and heavy plant. It is part of a major banking group, so the underwriting expects strong asset provenance and financials. Terms are structured around asset life and depreciation schedules.
Best next step: Prepare asset registers and financial accounts
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Backed by major banking group
- Terms matched to asset life
Need to know
- Strong financials expected
- Asset provenance checked thoroughly
- Monthly rate structure applies
Expert take
A bank-backed asset funder with the balance sheet to handle sizeable refinance facilities. The process leans institutional, so clean asset records and audited accounts will speed things along considerably.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A revolving refinance structure lets businesses draw and repay against asset value as working capital needs shift. Time Finance combines invoice-backed and asset-backed lending under one facility, which suits companies with both unpaid invoices and owned equipment. Annual rates range from 5.5% to 13.5%.
Best next step: Explore combined invoice and asset facilities
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown against assets
- Combines invoice and asset lending
- Annual rates from 5.5%
Need to know
- Invoice quality affects facility terms
- Limits can be reviewed or adjusted
- Suitability depends on debtor profile
Expert take
A flexible lender that blends invoice and asset finance under a single relationship. For refinancing, the combined approach works well if your balance sheet carries both receivables and tangible assets.
Source:https://www.timefinance.com/
Metro Bank
Published loan range£2,000 to £25,000,000
Rate typeinterest 9.6% to 9.6% annually
Overview: Metro Bank suits established businesses that value a direct banking relationship alongside their asset refinance. It lends from £2,000 to £25 million against owned assets, with annual rates around 9.6%. Underwriting expects strong trading history and may ask for a personal guarantee on larger facilities.
Best next step: Expect full underwrite and possible PG
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bank-backed lending relationship
- Facilities from £2,000 to £25m
- Broad asset type acceptance
Need to know
- Strong trading history required
- Personal guarantee may apply
- Slower bank underwriting process
Expert take
A high-street bank with an asset finance division that handles mid-to-large refinance deals. The process is thorough, so this route suits well-documented businesses that are not in a rush.
Source:https://www.metrobankonline.co.uk/business/borrowing/
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest prices asset refinance from 4.5% annually, placing it at the more affordable end of high-street lending. It lends against equipment, vehicles and machinery up to £10 million, with a revolving structure that adjusts to seasonal working-capital needs. Bank-grade underwriting means the process takes longer.
Best next step: Allow extra time for full bank underwriting
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Revolving credit structure available
- Lends up to £10 million
Need to know
- Longer bank underwriting timeline
- Affordability evidence required
- Limits subject to periodic review
Expert take
A mainstream clearing bank whose asset finance arm offers competitive pricing for well-established borrowers. The refinance terms reward clean financials and long trading history with lower annual rates.
Source:https://www.natwest.com/business/loans-and-finance.html
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays refinances hard assets including heavy machinery, commercial vehicles and production equipment, making it a natural fit for manufacturing and logistics businesses. Annual rates range from 8.5% to 14.9%, with facilities reaching £25 million. Security valuations and legal costs are part of the setup.
Best next step: Have asset registers and accounts ready
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Refinances heavy machinery and vehicles
- Facilities up to £25 million
- Broad sector experience
Need to know
- Security valuations required
- Legal setup costs apply
- Personal guarantee may be needed
Expert take
A high-street bank with deep asset finance experience across industrial sectors. For refinancing production equipment or commercial fleets, Barclays brings sector familiarity that can smooth underwriting.
Novuna
Published loan range£10,000 to £5,000,000
Rate typeinterest 4.5% to 12.5% monthly
Overview: Lending from £10,000 to £5 million, Novuna covers mid-range refinance requirements including specialist and trade assets. It structures facilities against equipment and stock, offering term loans and asset-based lending under one roof. Monthly rates range from 4.5% to 12.5%, so cost varies with asset type.
Best next step: Compare term and asset-based lending options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends against specialist assets
- Term loans and ABL available
- Facilities from £10,000 to £5m
Need to know
- Monthly rate structure applies
- Strong trading history expected
- Specialist assets need valuation
Expert take
A well-established funder with a broad asset appetite including trade and stock financing. For refinancing mixed asset portfolios, the range of structures under one provider simplifies comparison.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore lends from £1,000 to £10 million against owned assets, spanning everything from a single machine to an entire fleet. Annual rates sit between 5% and 15%, and funding decisions typically take two working days. It serves as a useful comparison point against both bank and specialist lenders.
Best next step: Allow 48 hours for a funding decision
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends from £1,000 to £10m
- Annual rates from 5%
- 48-hour funding decisions
Need to know
- Product fit needs confirming
- Two-day turnaround expected
- Asset valuation may be required
Expert take
A mid-market funder that bridges the gap between high-street banks and specialist providers. The broad loan range and two-day decision window offer flexibility for refinancing diverse asset portfolios.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Bespoke monthly rates from 3.5% to 10% reflect Close Brothers' tailored approach to mid-market asset refinance. It lends from £25,000 to £100 million, with a focus on transport, manufacturing and construction. Terms are negotiated case by case, so asset quality and sector profile heavily influence pricing.
Best next step: Negotiate terms based on asset profile
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke terms for each deal
- Lends up to £100 million
- Deep sector expertise
Need to know
- Tailored pricing, not fixed rates
- Sector profile affects terms
- Case-by-case underwriting applies
Expert take
A long-established mid-market funder with a relationship-led model. For refinancing in transport, manufacturing or construction, their sector knowledge often translates into pragmatic structuring of larger facilities.
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How £800,000 asset refinance releases capital from owned machinery and vehicles
Asset refinance lets an established business raise capital by using equipment it already owns as security. If your company holds plant, machinery, commercial vehicles, or specialist kit with a combined value of £800,000 or more, a lender can advance funds against those assets while you continue to use them day to day.
The process is straightforward. The lender values the assets, agrees an advance based on a loan-to-value ratio, and releases a lump sum. You then repay the facility in instalments over an agreed term. Unlike a traditional loan, the assets themselves back the borrowing, so the lender's risk sits with the equipment rather than solely with your trading history.
This type of funding suits businesses that have invested heavily in hard assets and now need working capital, growth funds, or cash to refinance existing debt. Because the assets remain on your balance sheet and in your operation, there is no disruption to your day-to-day activity.
What LTV ratios to expect when refinancing assets at the £800k level
Loan-to-value (LTV) ratios determine how much a lender will advance against your assets. For an £800,000 refinance, expect offers in the 60% to 85% range from most lenders, though some go higher. Reward Funding publishes an LTV of up to 85%, while Close Brothers can reach 90% on certain asset classes. Aldermore Asset Finance offers up to 100% LTV, which is uncommon in the market.
The LTV you receive depends on asset type, age, condition, and resale value. Heavy plant and specialist machinery with strong secondary markets tend to attract higher LTVs. Older or niche equipment may see lower advances. Lenders will typically instruct a professional valuation for facilities of this size.
If your assets are worth £1 million at market value, an 80% LTV delivers the £800,000 you need. If valuations come in lower, you may need to offer additional assets or accept a smaller facility.
Refinancing existing asset debt versus borrowing against unencumbered assets
When raising £800,000, you have two main routes. The first is refinancing existing asset finance agreements: the new lender settles your outstanding balance with the current provider and advances additional funds on top. This works well if your assets have grown in value or you have paid down significant capital. Close Brothers, with its maximum facility of £100 million, and Lombard, with funding up to £5 million, both operate in this space.
The second route is borrowing against unencumbered assets, those you own outright with no existing finance attached. This is simpler because there is no settlement process. Aldermore and Reward Funding both accept unencumbered assets, with Aldermore starting from just £1,000 and Reward Funding from £100,000.
The right choice depends on your current finance position, early settlement costs, and whether you need to release equity or simply restructure debt at a better rate.
Comparing interest rates and costs for £800,000 asset-backed lending
Rates for asset refinance at the £800,000 level vary significantly between lenders. Reward Funding publishes rates from 0.99% to 3% per month. Lombard sits in the 4% to 11.5% per month range, while Close Brothers offers bespoke pricing from 3.5% to 10% per month.
Annual-rate lenders include Time Finance at 5.5% to 13.5% per year, NatWest at 4.5% to 10.5% per year, and Aldermore at 5% to 15% per year. Metro Bank publishes a fixed 9.6% per year. Barclays ranges from 8.5% to 14.9% per year.
Personal guarantees are common at this level. Reward Funding, Liberty Leasing, Time Finance, Metro Bank, NatWest, Aldermore, and Close Brothers all require them. Lombard does not confirm its position on this.
The rate offered reflects asset quality, trading history, and overall risk. Bespoke pricing is typical for larger facilities, so written quotes will differ from headline ranges.
