Asset Finance

We work with our broker partners to help SMEs get bigger and more competitive by funding or leasing the assets they need to move forward.

Why Asset Finance?

Asset Finance is used by businesses to obtain the equipment they need to grow.

By spreading the cost of equipment over the course of its economic life, you can avoid tying up your valuable working capital.

We offer a range of flexible finance options where you can make regular repayments over an agreed period to suit your needs.

Hire Purchase (HP) is a popular option if you want to own the asset outright at the end of the agreement term.

We’ll purchase the asset on your behalf and create a tailored repayment plan to suit your budget. At the end of the agreed term, you can choose to take ownership of the asset for a nominal fee.

The benefits of Hire Purchase:

  • Simple, straightforward product. VAT is paid up front and you make your own arrangements for maintenance, repairs and servicing.
  • Tax advantages. As well as reclaiming VAT (if VAT registered), you may be able to claim capital allowances and also offset repayment interest against profits.
  • You choose how the finance is structured. With a flexible deposit, fixed or variable payments, and the option of a final balloon lump sum payment at the end of the agreement.
  • Ultimate ownership. You have the right to buy the asset at the end of the agreement term.
  • Seasonal payments. Offered for the agriculture market to tailor repayments to meet seasonal income.

A popular option if you aren’t looking to own the asset outright at the end of term.

We buy the equipment and lease it back to you with monthly rentals. VAT is calculated and payable on the monthly rentals. This reduces the upfront costs.

The benefits of leasing are:

  • You can free up capital as VAT is spread across the contract, keeping upfront costs down.
  • Leasing can be tax efficient as repayments are counted as a business expense.
  • You can control costs allowing for easy budgeting for maintaining the equipment. You can also choose to include maintenance costs in the repayment plan

We have a range of lease options including…

Finance Lease

This lease has a primary term with fixed rentals.

At the end of the primary period you can:

  • hand the equipment back to us,
  • sell to a third party on our behalf and retain a percentage of the sales proceeds or
  • continue renting it after the primary period ends


Fixed Term Lease

This lease has a term with fixed rentals, which has a set end date.

At the end of the fixed term you will return the asset back to Aldermore.

Refinance is designed to release equity in existing hard assets and to produce an injection of cash that can be used to fund a variety of activities.


  • Funding specific business projects
  • Putting a deposit on new equipment
  • Acquiring a new business
  • Purchasing new assets that may not be suitable for finance

Compare our products

  Hire Purchase Lease
Leaves working capital intact
Customers can claim First Year Allowance (FYAs) or Written Down Allowances (WDAs)
Rentals are tailored to cash flow
Rentals are normally tax deductible Interest only
Choice of fixed / structured rentals
Ultimate ownership of asset
Fixed term agreement 
VAT paid with deposit
VAT paid on each payment

Recovery Loan Scheme (RLS)

The British Business Bank are offering the Recovery Loan Scheme (RLS) through participating lenders.

One of the products we are accredited for is Asset Finance.

Find out more about our Asset Finance Recovery Loan Scheme here

Find out more

How can we help?

We work with our broker partners to help SMEs access our range of Asset Finance products.

If you are currently an Aldermore customer, please speak to your existing Asset Finance broker.

If you don’t have an Asset Finance broker, please complete our short form so we can find out how we can help.

Request a call back

Asset Finance FAQs

T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.