Top 10 £900,000 Asset Refinance Lenders in the UK 2026
.png)
Top lenders for £900,000 asset refinance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses refinancing plant or machinery for working capital | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-market firms releasing equity from vehicle and equipment fleets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Businesses with diverse asset portfolios seeking flexible refinance terms | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Firms preferring transparent annual rates on six-figure refinance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Companies wanting a high-street bank for large asset refinance | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Higher-turnover businesses seeking bank-backed refinance options | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | Barclays | Firms comparing mainstream bank rates for asset-backed funding | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | Novuna | Established operators with quality assets and clean credit history | £10,000 to £5,000,000 | interest 4.5% to 12.5% monthly |
| 9 | Close Brothers | Well-established higher-turnover businesses with substantial asset bases | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
| 10 | Aldermore Asset finance | Businesses of all sizes needing accessible asset refinance options | £1,000 to £10,000,000 | interest 5% to 15% annually |
Asset refinance lets businesses unlock capital from machinery, vehicles, or equipment they already own. A lender advances funds against the value of these assets, while the business continues using them day to day. This works well for established companies that have built up a portfolio of owned plant, commercial vehicles, or specialist kit over time. For a facility at the £900,000 level, refinance can release substantial working capital without selling productive assets.
Choosing the right lender means looking past the advertised rate. Loan-to-value ratios vary, so how much you can raise against each asset class matters. Some funders specialise in heavy plant, others in commercial vehicles or manufacturing equipment. The valuation process also differs: some lenders use desktop assessments, while others insist on physical inspections, which can affect speed. At higher borrowing levels, a lender's experience with six-figure refinance facilities becomes a practical advantage.
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 interest from 0.99% makes Reward Funding a cost-conscious choice for unlocking working capital from existing machinery, vehicles or equipment. The revolving structure lets you draw and repay as cash flow demands, with decisions typically within 24 hours. The lender reviews limits periodically, so facility levels are not guaranteed indefinitely.
Best next step: Check eligibility for £900,000 refinance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 0.99% monthly
- Revolving credit for flexibility
- 24-hour funding decisions
Need to know
- Asset security required
- Valuation and legal costs apply
- Limits reviewed periodically
Expert take
A price-competitive asset-based lender that rewards businesses with strong asset equity. The revolving structure suits seasonal or lumpy working capital cycles better than a fixed term loan.
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 make Liberty Leasing a practical route when working capital is needed against existing assets without delay. Annual rates from 11% to 16% provide clear cost visibility across the full term. The lender ties funding directly to asset value, so the amount you can raise depends on a satisfactory valuation.
Best next step: Compare £900,000 refinance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rapid 24-hour decisions
- Clear annual rate structure
- Asset-linked lending model
Need to know
- Asset valuation required
- Deposit may apply
- Eligibility checks on assets
Expert take
A straightforward asset finance shop that values speed and simplicity. The annual rate model helps with long-term budgeting on a £900,000 refinance.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A lending ceiling of £5 million lets Lombard handle asset refinance at scale, with room to add equipment or fleet funding later if the business grows. Monthly rates start from 4%, and funds can be in place within 24 hours of approval. The facility is linked to specific qualifying assets, so be prepared for a valuation process.
Best next step: Explore Lombard asset refinance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends up to £5 million
- Funding within 24 hours
- Monthly rates from 4%
Need to know
- Asset-specific valuations needed
- Funding tied to qualifying plant
- Deposit may be required
Expert take
An established name in UK asset finance with deep pools of capital. Businesses with high-value plant, machinery or commercial vehicle fleets will find the lending appetite strongest here.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Both asset refinance and invoice finance sit under one facility at Time Finance, making it possible to unlock cash from equipment and unpaid invoices at the same time. Annual rates span 5.5% to 13.5%, and the revolving drawdown structure flexes with seasonal demand. The lender reviews limits periodically, so consistent usage matters.
Best next step: Check combined refinance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combined asset and invoice finance
- Annual rates from 5.5%
- Revolving drawdown flexibility
Need to know
- Periodic limit reviews
- Invoice debtor quality matters
- Asset valuations may be needed
Expert take
A hybrid lender that can extract working capital from both hard assets and receivables. The dual approach works best for businesses with a strong debtor book alongside owned machinery.
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: High-street backing and a fixed annual rate of 9.6% make Metro Bank's asset refinance a predictable budgeting choice for established businesses. The lending range stretches from £2,000 to £25 million. Expect fuller underwriting than specialist lenders, including affordability evidence and potentially a personal guarantee.
Best next step: View Metro Bank asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed 9.6% annual rate
- High-street bank stability
- Lends up to £25 million
Need to know
- Stricter bank underwriting
- Personal guarantee possible
- Longer approval timeline
Expert take
A mainstream bank with serious asset finance firepower. The rate transparency and branch network appeal to businesses that prefer consolidating lending under one roof.
Source:https://www.metrobankonline.co.uk/business/borrowing/
.png)
NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Annual rates starting at 4.5% place NatWest among the most cost-competitive high-street lenders for asset refinance at this scale. The bank lends up to £10 million and supports revolving credit structures, so facilities can adapt to seasonal working capital needs. Standard bank underwriting applies, meaning trading history and affordability will be scrutinised.
Best next step: Check NatWest refinance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 4.5% annually
- Revolving credit available
- Up to £10 million lending
Need to know
- Full affordability assessment
- Personal guarantee may apply
- Bank timelines can be longer
Expert take
A high-street lender that competes aggressively on price for larger refinance. Businesses with clean financials and strong asset equity stand to gain the most from the rate advantage.
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: Applications accepted from £1,000 to £25 million, so Barclays can support asset refinance alongside smaller or larger funding needs across the business. Annual rates run from 8.5% to 14.9%, with final pricing reflecting asset quality and credit strength. A full bank assessment is part of the deal.
Best next step: Explore Barclays asset refinance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Wide £1k to £25M range
- Major clearing bank backing
- Asset and revolving options
Need to know
- Full credit assessment needed
- Rate varies with asset quality
- Personal guarantee may apply
Expert take
A clearing bank with the balance sheet to absorb large refinance without strain. The broader product ecosystem means you can consolidate banking and asset finance in one relationship.
Novuna
Published loan range£10,000 to £5,000,000
Rate typeinterest 4.5% to 12.5% monthly
Overview: Asset, invoice, trade and stock finance sit on a single platform at Novuna, giving businesses a joined-up way to raise working capital from multiple asset classes. Monthly rates range from 4.5% to 12.5%, and funding decisions typically land within 24 hours. Security requirements and potential personal guarantees apply, particularly on larger facilities.
Best next step: Compare Novuna refinance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Multi-asset-class capability
- 24-hour funding decisions
- Up to £5 million lending
Need to know
- Security and valuation costs
- Personal guarantee on larger deals
- Asset eligibility criteria apply
Expert take
A diversified finance house that can structure refinance across hard assets and working capital lines. Useful when a straightforward plant refinance needs to sit alongside invoice or stock funding.
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Deep experience in transport, manufacturing and construction makes Close Brothers a natural fit for high-value asset refinance in asset-heavy sectors. Bespoke monthly rates from 3.5% to 10% reflect the scale and complexity of each deal, with lending capacity stretching to £100 million. Funding decisions come within 24 hours, though larger structures take longer to finalise.
Best next step: Check Close Brothers capacity
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £100 million capacity
- Bespoke pricing from 3.5%
- Proven sector expertise
Need to know
- Larger deals take more time
- Bespoke terms, less transparency
- Minimum facility £25,000
Expert take
A mid-market heavyweight with genuine depth in transport, plant and manufacturing. Well-presented refinance proposals from established businesses tend to secure the most competitive bespoke terms.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: An underwriting approach built around SME realities sets Aldermore apart, particularly for businesses with solid assets but financials that do not fit a high-street template. Annual rates run from 5% to 15%, and funding typically completes within 48 hours. Asset-backed security anchors the entire proposition.
Best next step: View Aldermore refinance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- SME-focused underwriting
- Annual rates from 5%
- Up to £10 million available
Need to know
- 48-hour completion timeline
- Asset quality drives pricing
- Valuation costs may apply
Expert take
A lender designed for SMEs rather than corporates. The pragmatic credit lens opens doors for businesses with strong asset equity and financials that sit outside high-street criteria.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Asset Finance Calculator
How asset refinance unlocks £900,000 from your existing business assets
Asset refinance lets a business borrow against assets it already owns outright or has significant equity in. The lender takes a charge over the asset in exchange for releasing cash. For a £900,000 facility, the business must own assets valued sufficiently above that figure, depending on the lender's loan-to-value ratio.
Unlike hire purchase or leasing, where you finance new acquisitions, refinance unlocks capital tied up in equipment, vehicles, or machinery you already hold. The asset remains in your possession and continues to operate in your business. You repay the facility in instalments over an agreed term, typically one to seven years. At the end, the charge is released and full ownership stays with you. This makes asset refinance a practical route for established businesses that have built up valuable asset bases and need working capital without selling the assets or disrupting operations.
Business assets that can support a £900,000 refinance
Lenders on this page accept a broad range of business assets as security for a £900,000 refinance. Heavy plant and machinery, such as CNC equipment, production lines, printing presses, and agricultural kit, commonly qualify. Commercial vehicles including HGVs, specialist fleet vehicles, and construction plant like excavators and bulldozers are also widely accepted.
Other eligible assets include office fit-outs, laboratory equipment, renewable energy installations, and certain technology hardware. The key test is whether the asset has a clear second-hand market value that an independent valuer can verify. Older or highly bespoke assets may attract lower LTV ratios or shorter terms. Lenders typically want to see that the asset is essential to your operations and well maintained. Documentation such as purchase invoices, service records, and asset registers helps speed the application. Specialist asset finance lenders are often more flexible than high-street banks on the types of equipment they will consider.
Loan-to-value ratios and the valuation process for a £900,000 refinance
For a £900,000 refinance, the LTV ratio directly affects how much asset value you need to pledge. Lenders on this list offer varying LTV limits.
| Lender | Maximum LTV |
|---|---|
| Reward Funding | 85% |
| Close Brothers | 90% |
| Aldermore Asset Finance | 100% |
These figures mean that to raise £900,000, your assets might need to be worth between £900,000 and roughly £1,060,000, depending on the lender. The valuation process is central to a high-value refinance. Lenders will instruct an independent valuer to assess the forced-sale and market value of each asset. This valuation, combined with the lender's advance rate, determines the final facility size. Well-maintained, mainstream assets with strong resale demand typically achieve higher advance rates. Providing recent professional valuations or purchase receipts can reduce delays during underwriting.
Comparing rates and terms on a £900,000 asset refinance
Lenders structure their pricing differently. Reward Funding uses a monthly interest model from 0.99% to 3% per month. Lombard and Novuna also quote monthly, with rates from 4% to 11.5% per month and 4.5% to 12.5% per month respectively. Close Brothers publishes bespoke rates from 3.5% to 10% per month.
Others quote annually. Time Finance offers rates from 5.5% to 13.5% per year, Aldermore Asset Finance ranges from 5% to 15% per year, and NatWest Bank sits between 4.5% and 10.5% per year. When comparing, convert all quotes to the same period so you can assess the true cost. Beyond rate, check whether the lender charges arrangement fees, documentation fees, or early settlement penalties. Established businesses borrowing £900,000 with strong credit and well-maintained assets typically access rates towards the lower end of these ranges.
