Get Defensible OBRs in Minutes,
Not Weeks
For accounting periods beginning on or after 1 January 2026 (early adoption permitted), UK SMEs that cannot determine the implicit lease rate must use a lessee's obtainable borrowing rate (OBR) to discount lease liabilities under FRS 102. But finding a credible, auditable OBR is only part of the work: you also need the full PV calculation, amortisation schedule, journal entries, and disclosure note. Banks won't help. DIY gets challenged. Traditional manual studies cost £500–£2,000+ and take weeks. Lease Rater gives you the complete FRS 102 lease accounting package in minutes, for just £49–£99.
The OBR Problem: Why You're Stuck
❌ Banks Won't Help
Relationship managers give "ballpark figures" that aren't documented. Formal rate letters? Rare for hypothetical facilities. Not auditable.
⚠️ DIY Calculations Can Be Hard to Support
An unsupported estimate may be challenged by your auditor. You need a transparent, evidenced methodology with clear assumptions.
❌ Loan Sites Fall Short
Generic advertised rates don't reflect your credit profile, sector, lease term, or security. Not FRS 102-compliant.
❌ Manual Calculations Don't Scale
Traditional bespoke studies deliver quality results but cost £500–£2,000+ per calculation with 2–4 week lead times. Perfect for complex cases, but not practical for routine SME compliance with 5+ leases.
❌ You're Running Out of Time
FRS 102 (2026) applies to accounting periods beginning on or after 1 January 2026 (early adoption permitted). If your period start is approaching, you need OBRs now for transition accounting.
❌ Audit Risk Is Real
Auditors will challenge rates that appear "plucked from thin air." No supporting docs = qualified opinion risk. Your audit fee goes up fixing it.
How Lease Rater Solves This
Not just a rate: the complete FRS 102 lease accounting package. Entity-specific OBRs built from a transparent methodology informed by the author's professional experience in UK SME commercial lending and credit risk pricing, plus the SONIA term structure, the full PV calculation, monthly amortisation schedule, ROU asset depreciation schedule, balance sheet and P&L impact summaries, ready-to-adapt journal templates, and a disclosure note, all exportable to CSV for your working papers. Professional PDF reports ready for your audit file. No guesswork. No delays.
2-Minute Turnaround
Enter lease + company details. Get your OBR, range, and PDF instantly. Designed for year-end crunch periods.
Entity-Specific Rates
Reflects your credit profile, sector, size, lease term, and security. Not one-size-fits-all generic rates.
Audit-Support Documentation
Professional PDF with methodology, assumptions, risk drivers, and SONIA metadata. Structured to support your audit submission.
Full Accounting Package: Not Just a Rate
Every paid report includes: lease liability PV calculation, monthly amortisation and ROU depreciation schedules, balance sheet and P&L impact summaries, ready-to-adapt journal entry templates (Day 1 recognition, monthly payment and depreciation), and a disclosure note template, all exportable to CSV. Consult your accountant to adapt journal codes and disclosure wording to your entity.
Transparent Methodology
See how the OBR is built: SONIA base + 4-pillar spread (Credit, Security, Sector, Exposure). No black box.
Repeatable & Consistent
Run calculations for every lease in your portfolio. Same rigorous approach across entities and periods. Audit quality control.
10x Cheaper Than Manual Studies
£49–£99 per OBR vs £500–£2,000+ for traditional manual studies. No subscriptions. No retainers. Pay per use.
For SME Finance Teams
You need FRS 102-compliant discount rates. Fast.
- ✓ Year-end deadlines looming
- ✓ Multiple leases to process
- ✓ Can't wait weeks for consultants
- ✓ Budget constraints
- ✓ Need defensible methodology
For Accountants
Support your clients efficiently with transparent, scalable OBR solutions.
- ✓ Add value without rebuilding the wheel
- ✓ White-label or advise clients directly
- ✓ Transparent methodology you can trust
- ✓ Consistent across all FRS 102 clients
- ✓ Bulk packs for portfolio work
3 Simple Steps
Enter Inputs
Lease details (term, payments, asset), company profile (sector, size, credit), and latest financials. Clear guidance for every field.
Get Instant Results
Headline OBR with defensible range (low/mid/high). See how each risk pillar (Credit, Security, Sector, Exposure) contributed to the spread.
Download Full Accounting Package
Professional PDF showing rate, methodology, assumptions, and key drivers, plus the full PV calculation, monthly schedules, journal entry templates, and disclosure note. Export to CSV for your working papers. File in audit. Done.
Transparent Pricing
No subscriptions. No sales calls. No hidden fees. Just fast, defensible OBRs when you need them.
Traditional Manual Study
- 2–4 week turnaround
- Manual, bespoke process
- Specialist expertise required
- Limited scalability
Lease Rater
- 2-minute turnaround
- Audit-support PDF
- Repeatable methodology
- Bulk packs available
- No subscription
DIY / Bank Estimate
- No documentation
- Not entity-specific
- Auditors will reject
- Qualified opinion risk
Common Questions
Why can't I just ask my bank for a rate?
Banks rarely provide formal rate letters for hypothetical facilities. A verbal "we charge 6%" from your relationship manager isn't auditable. You need documented, entity-specific evidence with clear methodology.
Is this just a generic rate calculator?
No. Lease Rater builds entity-specific OBRs using your actual financial metrics (leverage, profitability, liquidity), sector, size, security, and lease term. It's as bespoke as an accountancy firm study, but instant.
Will auditors accept this?
Lease Rater provides the three things auditors need: (1) transparent methodology, (2) market-anchored base rate (SONIA), (3) entity-specific risk adjustments. The PDF report is designed for audit files.
Do I need a different OBR for each lease?
Not always. If you have multiple leases with similar terms (same duration, security, entered around the same time), you can use a single OBR. But a 2-year vehicle lease and 10-year property lease should have different OBRs (term mismatch).
What if my company has no debt?
You still need an OBR. It's a hypothetical rate: what you could borrow at if you went to a lender. Lease Rater builds this from your credit profile and market benchmarks even if you've never borrowed.
Is my data secure?
Yes. Reports are stored securely (encrypted, UK-hosted) for your records and audit trail. You can download past calculations anytime. No third-party selling. See our Privacy Notice.
Does Lease Rater give me just a rate, or the full FRS 102 accounting?
The full accounting package, not just a rate. Every paid report includes: the OBR with defensible range, the lease liability present value calculation, a month-by-month amortisation and ROU asset depreciation schedule, balance sheet and P&L impact summaries, ready-to-adapt journal entry templates (Day 1 recognition, monthly payment and depreciation entries), a disclosure note template, and a CSV export for your working papers. You'll need to adapt journal codes and disclosure wording to your entity's chart of accounts; consult your accountant for entity-specific requirements.
Don't Leave FRS 102 Until Year-End
The clock is ticking. Get robust FRS 102 lease-accounting support outputs today and plan ahead.
Calculate Your OBR Now →Important: Lease Rater provides automated accounting-support tools for business users. Outputs are estimates based on user-supplied information, market references and standardised assumptions. They do not constitute audit assurance, legal, tax, investment or lending advice. Management remains responsible for the accounting judgements applied. See our Terms of Use and Privacy Notice.