How these dossiers are compiled

Sources

The figures on these dossiers come from four sources, in descending order of weight in our calibration.

• Live broker case data, the rates and LTVs we are actually placing in current month transactions across the UK commercial mortgage panel.
• Published lender criteria packs and product guides updated by lenders on a monthly or quarterly cadence.
• Indicative quote runs we routinely run for client appraisals across multiple lenders on hypothetical scenarios.
• Industry benchmarks from major commercial property research houses, used to cross check sector demand commentary.

Rate ranges

The rate ranges shown on each sector page reflect the indicative pricing we are seeing on standard five year fixed UK commercial mortgage facilities in May 2026. Lower end of the range generally reflects the strongest covenant, best property, and most experienced borrower in the sector. Upper end reflects weaker covenants, more challenging property, first time operators or smaller deal sizes. Bridging, mezzanine and development finance are different products with different pricing and are not covered on these pages.

LTV bands

LTV bands are the loan to value brackets we are routinely placing in the sector. Low, typical and high reflect the distribution of cases we close, not the headline maximum published by any specific lender. Stretch ceiling is the highest LTV we have placed recently in the sector on a clean file. Achieving the stretch ceiling requires the file to be materially better than typical across covenant, trading and property quality.

Lender appetite

The lender appetite snapshot lists lenders we are currently active with in each sector. Where a lender is named as strong in the dossier it means we have placed recent business with them in that sector and they have indicated continued appetite. Where a lender is listed without that emphasis it means they will write business in the sector but either at a narrower set of criteria or with less competitive pricing than the strongest names. Specialist lender names that serve specific sub sectors are referenced collectively where identifying the specific lender would not add to the reader's decision making.

What we update and how often

The headline rate ranges are reviewed monthly against new live case data. LTV bands are reviewed quarterly. Lender appetite is updated whenever we observe a material shift in lender criteria, which on average means three to four updates per sector per year. Worked examples are anonymised real cases we have placed recently, refreshed annually or whenever the underlying economics shift enough to make the example unrepresentative.

Disclosures

Commercial Mortgages Broker (CMB Finance Ltd) is the broker publishing these pages and earns fees on the transactions we place. These dossiers reference lenders we work with and we have a commercial interest in placing business through those lenders. We do not currently accept paid placements, sponsorships or affiliate fees on the dossier content itself, and the rate and LTV figures are reported as we observe them in live case data rather than as supplied by lenders for promotional purposes.