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@Emyr
For this budget, I'd say the commuter I just finished building up would work quite well, if you have some spanner skillz. Solid commuter using mid-range and high-end MTB parts, will take a beating and not be worn out in a year.
On-One 456Evo frame, eBay £80
Kona P2 470mm rigid fork, eBay £60 (ages ago)
Wheelset mid-depth disc-only 32h QF120 rims on XT hubs, new £70 from Absolute Cycles on eBay
XTR M980 chainset, eBay £65 without chainrings
Deore LX M525 Hydro disc brakeset £40? (not ebay, can't remember details)
SLX M660 Shifters £20 ebay.
XT M770 rear mech £15 ebay
XT M785 Front mech £15 wiggle
XT external BB, new £10 eBay
Centrelock brake rotors, £20 CRC
FSA Orbit MX headset £12 Evans
Outland lockon grips £2 eBay
Shimano 10s chain £10, CRC
Pedal, bars, stem, Selle Italia saddle, seatpost: parts bin, probably £50 total
Schwalble marathon Racer 26x1.5 tyre, Durano 26x 1.35 tyre, plus tubes, already owned, probably £50 total?
Total cost £520, most parts new or lightly used.
Nearest comparison I can find is Evan's Pinnacle Lithium 5:
http://www.evanscycles.com/products/pinnacle/lithium-five-2015-hybrid-bike-ec071283
That's £675, but the groupset is mostly M610 Deore. The hubs are Formula DC20 (6-bolt) which are probably the cheapest Formula make. Cheap grips, cheap
If you aimed for an equivalent spec to that Pinnacle you'd probably be able to build something for close to £400 without compromising too much.