Assetz Capital has announced a further reduction in its ground-up development finance rate, now starting from 8.35%. The new development rate complements a wider suite of solutions including bridging, refurbishment, and commercial mortgages.
Alongside the rate cut, developers benefit from flexible day-one loan advances, enhanced options for experienced developers to model early-stage plot sales, and gross funding structures up to 72.5% LTGDV, with the ability to move to 87.5% gross loan-to-cost.
Loans are available from £1m to £10m, backed by dedicated regional relationship directors, providing continuity and support from enquiry to redemption. Assetz Capital can deliver credit decisions within 24 hours for straightforward cases.
In addition, Assetz Capital now recognises planning gain as a valid developer contribution, reducing cash requirements and maximising leverage for all developers, including those with fewer than two complete projects. This enhancement works alongside the first-time developer finance initiative, allowing capable business and property professionals to enter development with minimal upfront cash while benefitting from robust credit oversight and structured project support.
Andrew Fraser (pictured), chief commercial officer at Assetz Capital, said: “This latest reduction to 8.35% reflects our commitment to provide certainty of cost for SME developers to maintain momentum. By combining lower rates, flexible day-one advances, recognition of planning gain, and our first-time developer enhancements, we’re giving clients the tools to improve margins, and deliver more homes efficiently through Assetz enlarging the SME developer pool.
“Developers can act decisively, knowing they’re supported by a partner who delivers with certainty from a single unit scheme up to 50+ units, we cover all sizes of developer in all regions with our on the ground development experts.”
