UK commercial mortgage rates: live panel snapshot
Real numbers from the product database behind our comparison tool, not marketing rates. Updated whenever our panel data is refreshed.
Written by Matt Vincent DipFA, CeMAP, CeRER, BSc · Rates reviewed 7 July 2026The headline picture
As of 7 July 2026, our panel database holds 714 live commercial mortgage products from 9 specialist UK lenders. Across the whole panel, pay rates start from 4.84% with an average of 7.80% (variable products expressed at today's 3.75% Bank Rate).
Two things to keep in mind reading the tables below. First, these are pay rates across every product on our panel, including higher-LTV and specialist products, so averages run higher than the best-buy headlines lenders advertise. Second, the lowest rates typically demand the strongest cases: lower LTV, strong income cover and prime property types.
By purpose
| Purpose | Products | Lowest rate | Average rate |
|---|---|---|---|
| Owner-occupier (trading business) | 303 | 4.84% | 7.54% |
| Investment (property let to tenants) | 572 | 4.84% | 7.79% |
Owner-occupier (trading) deals price slightly keener on average than investment deals. Lenders generally take comfort from a business occupying and depending on its own premises. Our guide to trading vs investment mortgages explains the differences.
By product type
| Product type | Products | Lowest rate | Average rate |
|---|---|---|---|
| 2-Year Fixed | 198 | 4.84% | 7.25% |
| 3-Year Fixed | 90 | 5.19% | 6.95% |
| 5-Year Fixed | 227 | 5.40% | 7.34% |
| 10-Year Fixed | 60 | 6.49% | 7.55% |
| Variable (Bank Rate 3.75% + margin) | 139 | 6.05% | 9.97% |
By maximum loan-to-value
| Product LTV band | Products | Lowest rate | Average rate |
|---|---|---|---|
| Up to 55% LTV | 51 | 4.84% | 7.57% |
| 56–65% LTV | 326 | 4.94% | 7.73% |
| 66–70% LTV | 24 | 5.19% | 8.08% |
| 71–75% LTV | 306 | 5.34% | 7.90% |
The pattern is the usual one: the more equity you put in, the better the pricing. Loan-to-value explained covers how lenders think about this.
Methodology
Figures are calculated directly from the product database that powers our product-sourcing tool: every live product from our panel of specialist commercial lenders, as at 7 July 2026. Variable products are expressed at the current Bank of England base rate plus the product margin. Figures are indicative, exclude fees, and are not quotes or advice; actual pricing depends on a full lender assessment. Positive Lending is a broker, not a lender.
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