Lendus.

Asset Finance in London

Learn about hire purchase, finance lease, and operating lease options serving London and Greater London businesses. Matching begins after you apply; a soft credit check may be used for matching.

50+ UK lenders through Fundably
3+ months trading
UK limited companies only
Monthly revenue required

Rates

From 4.8% APR

HP, lease, or refinance

Amounts

£5k - £2M

Speed

24-48 hours

London

1.1M

businesses

Explore business funding options through Fundably

For UK limited companies with 3+ months’ trading and monthly revenue.

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Asset Finance explained

Asset finance lets businesses spread the cost of equipment, vehicles, and machinery over monthly payments instead of paying upfront. The asset itself acts as security, which means rates are typically lower than unsecured loans and approval is faster.

How asset finance works

You choose the asset you need, apply for finance, and if approved, the lender purchases the asset on your behalf. You make monthly payments over an agreed term (typically 12-60 months). At the end, depending on the finance type, you either own the asset outright (hire purchase), return it (operating lease), or pay a balloon payment (finance lease).

Asset Finance options in London

Hire Purchase (HP)

You own the asset at the end of the agreement. Claim capital allowances. Typical rates from 4.8% APR.

Finance Lease

Tax-efficient, claim 100% of lease payments against profit. Return or buy at the end via balloon payment.

Operating Lease

Off balance sheet. Always have the latest equipment. Return at the end of the term.

Representative example

Borrow £35,000 at 5.9% over 48 months. Monthly repayment: ~£825. Total repayable: ~£39,600. Your rate depends on your circumstances.

Ready to compare asset finance in London?

For UK limited companies with 3+ months’ trading and monthly revenue.

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Common uses for asset finance in London

Asset Finance for London businesses

London is the UK's largest commercial centre, home to over 1.1 million businesses and generating approximately 23% of the UK's GDP. The city's economy spans financial services in the City and Canary Wharf, technology in Shoreditch and King's Cross, and world-leading creative and media industries across Soho and Southbank. London attracts more foreign direct investment than any other European city, making it a critical hub for businesses seeking access to global capital and talent. With 1.1M registered businesses across Greater London, London has strong demand for competitive asset finance.

Funding availability depends on the business and finance required in the Greater London area. Whether your London business needs vehicles and vans or construction plant and machinery, lenders assess each application individually.

Financial ServicesTechnologyCreative IndustriesProfessional Services

Asset Finance with bad credit in London

Several specialist lenders on our panel work with London businesses that have imperfect credit histories. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender. Check your options when you apply.

Explore business funding options through Fundably

For UK limited companies with 3+ months’ trading and monthly revenue.

Check Eligibility

Asset Finance in London: frequently asked questions

Can I get asset finance in London?
Lenders assess each application based on the business and the asset. The asset itself may act as security, and your London location is one of several details considered.
What equipment can I finance in London?
Almost any business asset, vehicles, machinery, IT equipment, catering equipment, medical devices, construction plant, and more. If it has a resale value, it can usually be financed. London businesses commonly finance vans, trucks, and specialist industry equipment.
What are asset finance rates in London?
Rates start from around 4.8% APR for hire purchase and are the same across the UK, your location in London does not affect the rate. What matters is the asset value, your business trading history, and your credit profile.
Do I need a deposit for asset finance?
For hire purchase, most lenders ask for 10-20% deposit. Finance leases and operating leases often require no deposit at all. A larger deposit generally secures a lower monthly payment and better rate.
Can I get asset finance with bad credit in London?
Yes. Several specialist lenders on our panel work with businesses that have imperfect credit histories. You may need a higher deposit or personal guarantee, but the asset itself provides security which improves your chances compared to unsecured lending.
How is asset finance different from a business loan?
Asset finance is secured against the specific asset being purchased, which typically means lower rates and faster approval. A business loan gives you cash to use for any purpose but is either unsecured (higher rates) or secured against property.
What is the difference between HP and leasing?
With hire purchase (HP), you own the asset at the end of the agreement and can claim capital allowances. With leasing, you return the asset at the end (or pay a balloon payment), but you can claim 100% of the lease payments against taxable profit. The right choice depends on your tax position and whether you want ownership.
How long does asset finance approval take?
Most applications are decided within 24-48 hours. For straightforward deals under £50,000, same-day approval is common. Larger or more complex deals may take 3-5 working days. The process is the same whether you are in London or anywhere else in the UK.

Learn more about asset finance

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Other finance in London

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Explore business funding options through Fundably.

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For UK limited companies with at least 3 months’ trading and monthly revenue.

Asset Finance in London

Ltd companies · 3+ months trading · monthly revenue

Check eligibility