Current Rates - October 2026
| Term | Representative APR | Monthly cost (£120k asset) | Deposit required | Decision speed |
|---|---|---|---|---|
| 2 years | 4% | ~£5,400/mo | 0–20% | 24–72h |
| 3 years | 4–11.5 | ~~£3,420/mo | 0–20% | 24–72h |
| 5 years | 4–11.5 | ~£2,350/mo | 10–20% | 24–72h |
| 7 years | Up to 11.5 | ~£1,920/mo | 10–30% | 24–72h |
Representative examples only based on a £120,000 HGV/artic. Minimum facility £25,000. Actual rate depends on credit profile, asset age, deposit and operator history.
How Lombard (NatWest) Compares in the HGV Finance Market
Lombard (NatWest) is an active participant in the UK HGV and artic finance market. Underwriting decisions are based on a combination of credit profile, operator history, vehicle type and asset age. Presenting your application through a specialist broker ensures the strongest possible case is made to the lender's credit team.
Strengths
- Lowest rates in the market for prime-credit established operators
- Large fleet and multi-vehicle facilities handled efficiently
- Full range of structures: HP, Finance Lease, operating lease
- Strong lender for operators with NatWest banking relationship
Limitations
- Minimum facility £25,000 - not suitable for smaller purchases
- Strict credit criteria - adverse credit or new businesses typically declined
- Slower decision process for complex cases than specialist lenders
- Requires formal company accounts; sole traders less well served