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Millbrook Asset Finance

  • UK’s Lowest Rates

  • Repayment terms up to 7 years

  • Little or no deposit required

  • Finance from £5,000 - £10M

  • Fixed monthly repayments

  • Finance for any sector

What is Asset Finance?

Asset Finance is the third most commonly used form of finance in the UK after Business Loans and Overdrafts. Around one in three businesses that have external borrowings use Asset Finance. A sure sign that it should be considered when purchasing equipment, machinery, vehicles or fitout.

Generally speaking there are two types of Asset finance solutions – Hire Purchase and Leasing. A third, slightly less common type of agreement is known as refinance. More information can be found on our dedicated refinance page.

Hire Purchase agreements are simple. A business makes a purchase (equipment, machinery, vehicles, fitout etc) and then spreads the cost, typically between one and seven years with added interest. Normally the VAT associated with the purchase is paid upfront – there are however options to defer the VAT for up to three months. Hire Purchase the business owns the purchased item, and it will appear on the businesses balance sheet.

A leasing agreement can be an effective way to access items that a business needs to thrive.  Businesses can spread the cost of a purchase between one and seven years. VAT is paid on the monthly lease repayments as opposed to upfront, an advantage for cashflow. Leasing is also tax beneficial – leasing repayments are tax deductible and can be offset against business profits. At the end of a primary lease period a business can usually; continue leasing (often with cheaper repayments) purchase the assets (usually for a small fee) or return the asset to the lessor.

For many businesses, choosing between a Hire Purchase or Lease agreement comes down to financials and accounting. Carefully consider your options in order to compare asset finance options, there are many different finance products available, we recommend speaking to one of our account managers and they can help you decide which finance product is most suitable.

How to Apply for Asset Finance

Step 1
Enquiry – Submit an enquiry via our online form or speak to an account manager by calling 0333 015 3301.

Step 2
Application – An application for finance will be submitted to an underwriter with a decision granted typically within 48 hours.

Step 3
Approval – Finance Approved. A copy of your finance agreement is sent to you for completion.

Step 4
Payout – Upon receipt of your signed agreement we process, activate and release funds.

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Millbrook Sector Experience

The team at Millbrook Business Finance have decades of experience arranging and comparing Asset Finance. We are so confident in our team, their ability and can-do attitude that we confidently say…. “we can finance any asset for any sector, no matter how obscure”. Please see below a list of sectors that we can cater for. If you operate a business outside of these sectors we would love to hear from you, perhaps we can help finance your next purchase and add to our sector experience?

Why Millbrook Asset Finance?

Asset Finance Specialists

We have decades of Asset Finance experience and can compare and finance any asset for any sector.

Industry Leading Rates

Our Asset Finance rates are some of the lowest in the UK, starting at 2.2%.

No arrangement fees

We DO NOT under any circumstances charge arrangement fees.


Our application process is straightforward.