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Top 10 Lenders for a £950,000 Commercial Mortgage in 2026
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Top 10 lenders for a £950,000 commercial mortgage
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | One Stop Business Finance | Growing businesses securing commercial property with flexible monthly repayment terms | £100,000 to £3,000,000 | interest 1.6% to 3% monthly |
| 2 | Fleximize | Smaller commercial property loans up to £500,000; included for comparison | £10,000 to £500,000 | interest 0.9% to 3.6% monthly |
| 3 | NatWest Bank | Established firms needing competitive annual rates from a high-street lender | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 4 | Virgin Money | Trading businesses wanting flexible commercial mortgage terms with familiar support | £30,000 to £10,000,000 | interest 4.5% to 10.5% annually |
| 5 | Barclays | Large-scale commercial property borrowers seeking funding through a major bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 6 | Offa | Property investors needing Sharia-compliant buy-to-let finance for larger assets | £80,000 to £2,500,000 | interest 5.9% to 7.5% annually |
| 7 | Admiral leasing | Business owners comparing flexible mortgage options across varied property types | From £1,000 | interest 5.5% to 13.5% annually |
| 8 | Together Money | Specialist buy-to-let investors needing flexible criteria on larger loans | £50,000 to £25,000,000 | interest 0.55% to 1.5% monthly |
| 9 | Factoringfinance | Businesses exploring alternative mortgage routes with monthly repayment structures | Not published | interest 2.5% to 8% monthly |
| 10 | United Trust Bank | Large-scale investors requiring structured property finance from £100,000 upward | £100,000 to £35,000,000 | interest 5% to 12.5% annually |
A commercial mortgage is a secured business loan used to purchase, develop, or refinance commercial property, with the building or land held as security by the lender. For business owners and property investors, it unlocks long-term capital without tying up cash reserves. A £950,000 commercial mortgage typically serves firms buying mid-sized owner-occupied premises or investors acquiring income-generating assets.
Comparing commercial mortgage lenders at this level goes beyond the headline interest rate. Loan-to-value ratios, term lengths, and whether the rate is fixed or variable all shape the total cost of borrowing. Arrangement fees, early repayment charges, and lender flexibility on property type can also vary widely. For a £950,000 loan, the difference between monthly and annual rate structures can significantly shift affordability across a 15- to 25-year term.
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 turns around secured property-backed lending in around five days, far quicker than most high-street lenders. With a loan range reaching £3,000,000 and monthly rates from 1.6%, it is a practical fit for a £950,000 commercial mortgage where speed carries more weight than headline rate. Expect to provide a first legal charge and affordability evidence.
Best next step: Compare secured property lending from five days.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding in as little as five days
- Loans available up to £3,000,000
- Secured against commercial property
Need to know
- Requires a first legal charge on property
- Monthly interest rather than annual pricing
- Affordability evidence will be assessed
Expert take
A flexible non-bank lender that moves faster than traditional institutions. For a £950,000 commercial mortgage, the five-day turnaround and property-backed appetite make this a strong contender when bank timelines are too slow.
Source:https://www.osbf.co.uk/
Fleximize
Published loan range£10,000 to £500,000
Rate typeinterest 0.9% to 3.6% monthly
Overview: Fleximize offers secured business loans with monthly rates starting from 0.9%, among the most competitive in the alternative lending market. For a £950,000 commercial mortgage, the lender's £500,000 facility cap means it cannot cover the full requirement alone. It may still work as part of a split-funding approach alongside another facility.
Best next step: Explore split-funding options with competitive monthly rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates starting from 0.9%
- Fast funding in 24 hours
- Secured lending with flexible terms
Need to know
- Maximum facility capped at £500,000
- Cannot fund the full amount alone
- May require a personal guarantee
Expert take
A competitively priced alternative lender with strong reviews. For a £950,000 commercial mortgage, the £500,000 cap rules out a sole-lender role, but Fleximize could complement a larger facility where blended funding makes commercial sense.
Source:https://fleximize.com/
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest's commercial mortgage range extends from small facilities to £10,000,000, with annual rates typically between 4.5% and 10.5%. As a high-street bank, it brings long-term lending stability and the option to fix rates for extended periods. Underwriting is thorough, and businesses should expect full financial review, property valuation and a potentially longer timeline than alternative lenders.
Best next step: Get a commercial mortgage quote from NatWest.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Loans available up to £10,000,000
- Annual interest from 4.5%
- Long-term fixed-rate options
Need to know
- Full financial and credit review required
- Property valuation at your cost
- Bank timelines can run to weeks
Expert take
A mainstream high-street bank with deep commercial mortgage experience. For a £950,000 commercial mortgage, NatWest's long-term fixed rates and established process suit borrowers who prioritise stability and are not pressed for time.
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: Owner-occupied premises and investment properties are both covered under Virgin Money's commercial mortgage range, with annual rates typically between 4.5% and 10.5%. The bank lends from £30,000 to £10,000,000 and offers fixed and variable structures. For a £950,000 commercial mortgage, borrowers gain flexibility in how they structure repayments and interest.
Best next step: Compare Virgin Money commercial mortgage rates today.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Loans from £30,000 to £10,000,000
- Fixed and variable rate options
- Covers owner-occupied and investment property
Need to know
- Full trading history review needed
- Property valuation required
- Bank underwriting timelines apply
Expert take
A recognisable high-street brand with a broad commercial mortgage appetite. For a £950,000 commercial mortgage, Virgin Money's product flexibility across owner-occupied and investment property gives borrowers meaningful choice in structuring the facility.
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: Existing Barclays business customers often access preferential pricing on commercial mortgages, with the bank lending from £1,000 to £25,000,000. Annual rates start around 8.5%, and the application process can be streamlined for those who already hold a business current account. For a £950,000 commercial mortgage, relationship banking can reduce friction and cost.
Best next step: Apply for a Barclays business mortgage online.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Loans available up to £25,000,000
- Relationship pricing for existing customers
- Wide range of commercial property types
Need to know
- Annual rates start around 8.5%
- Full financial assessment required
- Valuation and legal costs apply
Expert take
Barclays is a major UK bank that handles large commercial mortgages routinely. For a £950,000 commercial mortgage, relationship pricing can lower costs for existing customers, and the facility size is unremarkable within its lending book.
Offa
Published loan range£80,000 to £2,500,000
Rate typeinterest 5.9% to 7.5% annually
Overview: Offa specialises in buy-to-let and property-backed lending with indicative decisions in as little as one hour. Its loan range spans £80,000 to £2,500,000, and annual rates run from 5.9% to 7.5%. For a £950,000 commercial mortgage on an investment property, Offa's quick initial response and Sharia-compliant structure offer an alternative to conventional bank lending.
Best next step: Check eligibility for Offa's property-backed lending.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Indicative decision in one hour
- Annual rates from 5.9%
- Sharia-compliant finance available
Need to know
- Primarily focused on buy-to-let
- Not suited to owner-occupied premises
- Full valuation still required
Expert take
A specialist property finance lender with fast initial decisions and transparent pricing. For a £950,000 commercial mortgage, Offa suits investment property buyers well; owner-occupiers should look to other lenders on this list.
Source:https://offa.co.uk/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing covers commercial mortgages alongside asset finance and term loans, with annual rates from 5.5% to 13.5%. The lender can structure property-backed facilities and may appeal to businesses that also need equipment or vehicle funding wrapped into a wider package. Expect a secured lending process with property valuation and affordability checks.
Best next step: Explore Admiral's commercial mortgage and asset finance options.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Commercial mortgages and asset finance
- Annual rates from 5.5%
- Can structure wider funding packages
Need to know
- Property valuation and legal costs apply
- Affordability assessment required
- Upper loan limit not published
Expert take
A lender that blends property and asset finance under one roof. For a £950,000 commercial mortgage, Admiral leasing suits businesses that want to fund premises and equipment through a single relationship rather than splitting across providers.
Together Money
Published loan range£50,000 to £25,000,000
Rate typeinterest 0.55% to 1.5% monthly
Overview: Asset-led underwriting sets Together Money apart from high-street banks. Rather than focusing primarily on trading history, the lender assesses the property and its rental cover, lending from £50,000 to £25,000,000 at monthly rates from 0.55%. For a £950,000 commercial mortgage, this approach helps where business financials are less straightforward.
Best next step: Compare Together Money's property finance rates.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Loans available up to £25,000,000
- Asset-led underwriting approach
- Monthly rates from 0.55%
Need to know
- Primarily buy-to-let focused
- Monthly rather than annual interest
- Property valuation required
Expert take
A long-established property finance specialist with significant lending capacity. For a £950,000 commercial mortgage, Together Money's asset-led underwriting suits borrowers whose property credentials are stronger than their trading history.
Source:https://togethermoney.com/
Factoringfinance
Published loan rangeNot published
Rate typeinterest 2.5% to 8% monthly
Overview: Factoringfinance is primarily an invoice finance provider that also lists commercial mortgages within its product set. Its published loan range is not disclosed, and monthly rates fall between 2.5% and 8%. For a £950,000 commercial mortgage, this lender may work best for businesses that want to combine property-backed lending with ongoing invoice finance under a single provider relationship.
Best next step: Enquire about combined invoice and property finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Can combine invoice and property finance
- Secured lending available
- Single provider relationship possible
Need to know
- Commercial mortgage range not published
- Monthly rates from 2.5% to 8%
- Primarily an invoice finance specialist
Expert take
An invoice finance specialist with a commercial mortgage side offering. For a £950,000 commercial mortgage, Factoringfinance is worth exploring only if combining property lending with receivables finance under one roof adds real operational value.
United Trust Bank
Published loan range£100,000 to £35,000,000
Rate typeinterest 5% to 12.5% annually
Overview: Complex property deals that high-street banks decline often land at United Trust Bank. The specialist lender structures finance from £100,000 to £35,000,000, with annual rates between 5% and 12.5%. For a £950,000 commercial mortgage, UTB's willingness to look beyond standard criteria can unlock funding where other lenders say no.
Best next step: Discuss structured property finance with United Trust Bank.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Loans from £100,000 to £35,000,000
- Handles complex property cases
- Annual rates from 5%
Need to know
- 48-hour turnaround on decisions
- Suits non-standard lending scenarios
- Valuation and legal costs apply
Expert take
A specialist lender built for property deals that fall outside high-street criteria. For a £950,000 commercial mortgage, United Trust Bank's structured approach works where the property, business structure or income profile does not fit standard bank templates.
Source:https://www.utbank.co.uk/
Commercial Mortgage Calculator
What LTV ratios to expect on a £950,000 commercial mortgage
Loan-to-value (LTV) ratios determine how much deposit you need. For a £950,000 commercial mortgage, even a small difference in LTV changes the cash requirement significantly.
Among lenders on this page, Factoringfinance publishes the highest LTV at 90%. That would mean a property value of around £1.06 million and a deposit of roughly £106,000. Offa offers up to 80% LTV, which requires a property worth about £1.19 million. One Stop Business Finance, Together Money, and United Trust Bank each cap LTV at 75%, meaning the property must be valued at approximately £1.27 million or more.
Several lenders including NatWest, Virgin Money, Barclays, and Admiral leasing do not publish a standard LTV figure. Their assessment often depends on the property type, location, and your business profile. Expect a more tailored approach from these providers.
How interest rates compare on a £950,000 commercial mortgage
Rates on a £950,000 commercial mortgage split between monthly and annual structures. Monthly rates tend to apply to shorter-term or specialist facilities, while annual rates are more common on longer-term bank mortgages.
| Lender | Rate type | Published range |
|---|---|---|
| NatWest Bank | Annual | 4.5% to 10.5% |
| Virgin Money | Annual | 4.5% to 10.5% |
| Offa | Annual | 5.9% to 7.5% |
| United Trust Bank | Annual | 5% to 12.5% |
| Together Money | Monthly | 0.55% to 1.5% |
Barclays publishes annual rates from 8.5% to 14.9%, while Admiral leasing sits between 5.5% and 13.5% annually. On the monthly side, One Stop Business Finance ranges from 1.6% to 3% and Factoringfinance from 2.5% to 8%. The rate you receive depends on your business financials, property security, and loan term.
Eligibility criteria for a £950,000 commercial mortgage
At the £950,000 level, lenders look closely at your business turnover, trading history, and willingness to provide a personal guarantee.
NatWest expects a minimum annual turnover of £300,000. Fleximize requires at least £150,000 in turnover and six months of trading, and also asks that you are a homeowner. Virgin Money wants a minimum of one year's trading history. One Stop Business Finance is more flexible, accepting businesses with no minimum turnover and no minimum trading age.
Personal guarantees are a common requirement at this loan size. One Stop Business Finance, Fleximize, NatWest, and Virgin Money all ask for a personal guarantee. Several other lenders on the list do not publish their guarantee policy, so expect this to be discussed during underwriting. If your business is newer or turnover is modest, having strong property security and a clean credit profile becomes even more important.
Repayment terms and structures for a £950,000 commercial mortgage
How long you take to repay a £950,000 commercial mortgage affects both your monthly cost and the total interest paid. Term lengths vary considerably across the lenders on this page.
NatWest and Barclays offer the longest terms, stretching up to 25 years. Virgin Money goes to 20 years. These longer terms suit owner-occupiers and investors who want to spread repayments and keep monthly costs manageable. United Trust Bank caps terms at 5 years, while Admiral leasing offers 1 to 7 years. These shorter terms are more common with specialist and bridging-style facilities.
One Stop Business Finance operates on the shortest timeline, with terms from 3 to 18 months, making it better suited to refurbishment or refinancing projects rather than long-term holding. Fleximize sits in the middle at 3 months to 5 years. Choose your term based on whether you plan to hold, refurbish and sell, or refinance later.
