Lombard Asset Finance for Concrete Equipment
Lombard, the asset finance arm of NatWest, is one of the UK's largest and most selective asset lenders. For concrete equipment, their appetite centres on high-value, specialist assets - truck-mounted boom pumps, large static pumps, and batching plants financed to established contractors and concrete businesses with strong balance sheets.
Lombard's minimum of £25,000 and their requirement for strong credit means they are not suitable for every concrete equipment application. But for a well-established concrete pump hire company or ready-mix operator looking to finance a £300,000+ truck-mounted pump or a batching plant facility, Lombard consistently offers some of the most competitive rates in the market.
As a broker, we present Lombard alongside Close Brothers and Siemens Financial Services for large concrete equipment applications where the credit profile justifies it. Their underwriting process is thorough but their appetite for specialist high-value plant is genuine.
October 2026 Rate Indicatives
| Asset Type | Finance Type | Indicative Rate | Term | Min Value |
|---|---|---|---|---|
| Truck-mounted boom pump (new, £300k+) | Hire Purchase | 4% – 6.5% | 3–7 yrs | £200,000 |
| Truck-mounted boom pump (used) | Hire Purchase | 5% – 8.5% | 3–5 yrs | £100,000 |
| Concrete batching plant | Finance Lease | 4.5% – 7.5% | 5–10 yrs | £100,000 |
| Large static trailer pump | Hire Purchase | 5% – 9% | 3–5 yrs | £50,000 |
| Transit mixer fleet (3–5 vehicles) | Finance Lease | 4% – 7% | 3–5 yrs | £100,000 |
| Volumetric mixer | Hire Purchase | 5.5% – 9% | 3–5 yrs | £50,000 |
Rates indicative as of October 2026. Lombard requires 2+ years filed accounts and typically expects profitable EBITDA. Strong personal guarantees may be required for asset values above £500,000.
Strengths & Limitations
Strengths
- Among the most competitive rates for strong credits (from 4%)
- Appetite for batching plants and large plant facilities
- Truck-mounted boom pumps up to £800,000+ considered
- Fleet finance - multiple pumps/mixers under one facility
- NatWest relationship lends credibility to large transactions
- Structured Finance team for complex or high-value deals
Limitations
- Minimum £25,000 - smaller static pumps and mixers excluded
- Strong credit required - adverse credit not considered
- New businesses and sole traders not typically accommodated
- Underwriting process slower than digital-first lenders
- Existing NatWest relationship can help but is not required