This edition will be refreshed as late filings arrive. Charges created after 30 June 2026 are still being filed at Companies House, and HM Land Registry registers commercial sales months after completion. Figures for Q3 2026 will rise.
Key findings
- 401 commercial property sales worth £251.4m were registered in West Midlands for completions between January and August 2026, at a median price of £272,500. Source: HM Land Registry Price Paid Data (property type Other).
- Commercial property charges registered at Companies House in West Midlands were up 13.5% in H1 2026 against H1 2025 (336 vs 296). Source: Companies House charges register.
- Bridging and short-term lenders were the most active classified lender group in West Midlands, behind 29.0% of commercial property charges in Jan to Sep 2026. Source: Companies House charges register, CMB lender classification.
- 650 commercial property planning applications were submitted in West Midlands between January and September 2026, with 79.6% of decided applications granted. Source: Local planning authority records via Landstack.
- The median commercial sale price in West Midlands was 12.7% below the England and Wales median of £312,250. Source: HM Land Registry Price Paid Data.
- West Midlands ranked 12 of 44 counties for H1 2026 growth in commercial property charges. Source: Companies House charges register.
Commercial property lending in West Midlands
Lenders registered 469 commercial property charges in West Midlands between January and September 2026. The first half of the year is fully filed, and H1 2026 volumes were up 13.5% on H1 2025 (336 against 296). Charges created from July onwards are still inside the 21-day Companies House filing window at the time of writing, so Q3 2026 counts are provisional and will rise.
Bridging and short-term lenders accounted for 29.0% of these charges and specialist and challenger banks for 22.6%. We could match 73.1% of charges to a named lender in our classification. The remainder sit with smaller banks, private lenders and family offices.
The most active named lenders in West Midlands from January to August 2026 were Together (88 charges), Lloyds (31) and NatWest (29). We compare January to August with the same months of 2025 because September 2026 filings are still arriving.
7.2% of the charges sat behind an existing charge on the same title. That is a useful read on how often owners are raising second-charge borrowing against commercial property rather than refinancing the senior loan.
Separately, property investment companies (SIC 68) registered 4,722 charges in West Midlands over the same period that did not match a commercial sale. That book mixes residential buy-to-let and commercial investment, so we report it alongside rather than inside the commercial figure.
Commercial property charges by quarter
Lighter bar: Q3 2026, provisional while the 21-day filing window closes. Source: Companies House charges register.
Share of charges by lender type, Jan to Sep 2026
Most active named lenders, Jan to Aug
| Lender | 2026 | 2025 | Change |
|---|---|---|---|
| Together | 88 | 92 | -4.3% |
| Lloyds | 31 | 22 | +40.9% |
| NatWest | 29 | 33 | -12.1% |
| InterBay Funding | 17 | 8 | n/a |
| Barclays | 13 | 22 | -40.9% |
| Shawbrook Bank | 11 | 10 | +10.0% |
| HSBC | 11 | 7 | n/a |
| Aldermore Bank | 11 | 11 | 0.0% |
| Paragon Bank | 9 | 4 | n/a |
| Allica Bank | 8 | 8 | n/a |
Charges registered against property, January to August of each year. Named lenders only.
Charges by borrower sector, Jan to Sep 2026
Commercial property sales and prices in West Midlands
HM Land Registry has registered 401 commercial property sales in West Midlands with completion dates between January and August 2026, worth £251.4m in total. The median sale price was £272,500, with the middle half of deals between £164,000 and £475,000. 38 sales were at £1m or more.
Commercial registrations run several months behind completions, so these counts will keep rising as the backlog clears. For that reason we do not compare 2026 sales volumes with 2025. Prices are more robust: the median for Jan to Sep 2025 was £250,000 across 1,206 fully registered sales.
Where the registered address identifies the use, industrial and warehouse made up 50 sales, garages and parking made up 5 sales, offices made up 5 sales. Most commercial titles carry only a street address, so the larger share of sales is unclassified.
84.0% of the sales were freehold.
Median sale price by quarter
| Quarter | Sales registered | Median price | Value |
|---|---|---|---|
| Q1 2026 | 218 | £275,000 | £157.8m |
| Q2 2026 | 151 | £280,000 | £81.7m |
| Q3 2026 | 32 | £200,500 | £11.9m |
Completions by quarter, as registered so far. Source: HM Land Registry Price Paid Data.
Local authorities with the most commercial sales
Commercial planning pipeline in West Midlands
650 commercial property planning applications were submitted in West Midlands between January and September 2026. Councils decided 593 with a granted or refused outcome in the period and granted 79.6% of them.
Quarterly submissions moved from 266 in Q3 2025 to 182 in Q3 2026. Applications are a forward signal for finance: a granted change of use or new unit usually needs a purchase, refinance or bridging loan within 12 months.
By use, the largest groups were retail and food (151), industrial and logistics (127), offices (94).
A further 435 applications sought to convert commercial space to residential use. We exclude these from the commercial pipeline because they remove stock rather than add it.
Applications submitted by quarter
Source: local planning authority records via Landstack.
Applications by commercial use, Jan to Sep 2026
Recent approvals
- Sandwell · DC/26/71787Proposed alteration of public house at ground floor approved flat 3 to a retail unit (Class e (a, b, c, e)), first floor rear extension with rear dormer window design alteration of approved flats 1 and 5 (remaining as 1-Granted 30 September 2026
- Walsall · 26/0882Full planning application for the change of use of the property from a dwellinghouse (Use Class C3) to a children’s care home (Use Class C2) for a maximum of two children aged between 8 and 17 years.Granted 29 September 2026
- Walsall · 26/0824Full planning application for the change of use from mixed use as offices (Use Class E(g)(i)) and storage (Use Class B8) to mixed use as offices (Use Class E(g)(i)) and a vehicle repair, servicing and MOT testing workshoGranted 22 September 2026
- Dudley · P26/0282<p>Conversion and alteration of existing premises including demolition of two storey north west rear section of building to form 3no. Class E units, including improvements to access, laying out of car park with EV chargiGranted 16 September 2026
- Dudley · P26/0754Change of use from B2 to dance studio E(d).Granted 15 September 2026
- Birmingham · 2026/01391/PADemolition of existing structures and erection of roadside services comprising a petrol filling station, associated kiosk store, EV charging spaces, car parking, jet wash bays and associated worksGranted 14 September 2026
How West Midlands compares with England and Wales
The median commercial sale price in West Midlands of £272,500 was 12.7% below the England and Wales median of £312,250.
H1 2026 lending outpaced the national market: +13.5% here against +1.8% for all commercial property charges in England and Wales.
The planning approval rate of 79.6% compares with 86.9% for commercial applications nationally.
Cities in this county
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Methodology and sources
Sales: HM Land Registry Price Paid Data, property type "Other", which covers non-residential sales in England and Wales. Rows that share a price and date are counted as one multi-title deal. Data registered to 25 August 2026.
Lending: the Companies House charges register (snapshot 1 October 2026). A charge counts as commercial when it is secured on a property postcode and either the borrower operates in a commercial sector (for example hotels, pubs, care, retail, manufacturing or logistics, by SIC code) or the postcode matches a commercial sale in 2025 or 2026. Lenders are grouped using our own classification.
Planning: local planning authority records collated by Landstack, filtered to applications whose description indicates a commercial use. Discharge of conditions, advertisement consents, householder works and conversions to residential are excluded. Records cover 253 councils; where a council's applications are not yet collated, its pipeline is understated.
Geography: regions follow postcode districts. County reports cover the ceremonial county including its unitary authorities. City reports cover the local authority area named on each page. Scotland and Northern Ireland are outside HM Land Registry coverage and are not included.
Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter. We do not hold FCA authorisation because the products we arrange are unregulated. This report is market information, not advice.