About Shawbrook Telehandler Finance
Shawbrook Bank has built a reputation as a go-to lender for used construction plant - an area where many lenders apply tighter restrictions or load rates heavily. For telehandler finance, this means Shawbrook will often step in where Close Brothers or Novuna apply age restrictions, particularly for machines between five and ten years old.
The bank is particularly strong for plant hire businesses needing fleet facilities covering multiple telehandlers. Their underwriting team understands the plant hire sector and can assess income from contract revenue rather than relying purely on balance sheet strength. This makes Shawbrook a realistic option for plant hire operators whose accounts look modest relative to the assets they operate.
Shawbrook's telehandler finance covers both fixed boom models - used heavily in housebuilding and construction - and rotating telehandlers (roto telehandlers) used on specialist sites and agricultural applications. JCB, Manitou, Merlo, Caterpillar and other brands are all within appetite.
Shawbrook Telehandler Finance Rates Table - October 2026
| Asset Type | Finance Type | Rate Range | Term | Min Finance | Max Finance |
|---|---|---|---|---|---|
| New telehandler | HP or Finance Lease | 5%–8% | 2–7 yrs | £10,000 | £3m |
| Used telehandler (<5 yrs) | HP or Finance Lease | 6.5%–10% | 2–5 yrs | £10,000 | £1.5m |
| Used telehandler (5–10 yrs) | HP | 9%–13% | 2–4 yrs | £10,000 | £750k |
| Plant hire fleet facility | HP or Finance Lease | 5.5%–9% | 2–6 yrs | £30,000 | £3m |
| Rotating telehandler (roto) | HP or Finance Lease | 6%–10% | 2–6 yrs | £10,000 | £2m |
Indicative rates as of October 2026. Subject to credit underwriting and asset inspection.
Strengths and Limitations
Strengths
- Strong appetite for used telehandlers where other lenders restrict lending
- Experienced in plant hire fleet finance - understands contract revenue models
- Considers rotating telehandlers alongside standard fixed boom models
- Up to £3m maximum - suitable for larger fleet or high-specification purchases
Limitations
- Not the cheapest option for new telehandlers where Close Brothers or Novuna will compete on rate
- Telehandlers over 10 years old may fall outside standard appetite
- Seriously adverse credit profiles are better directed to Aldermore or Haydock
We compare Shawbrook against other specialist plant finance lenders - completing one form with us means we find the most competitive available rate for your telehandler, not just the easiest option.