Assetz Capital is now offering credit decisions on development finance applications within 24 hours.

The SME funder said this applied to “straightforward transactions”.

It recently launched a new 9.35% development finance rate for house builders, brokers, and landowners, up to 70% LTGDV.

“Our priority is working with trusted SME developers who have a strong track record in liquid sales markets”

Tim Harper, chief credit officer at Assetz Capital, said: “In today’s market, it’s crucial that developers and brokers know they can rely on firm credit decisions.

“Our priority is working with trusted SME developers who have a strong track record in liquid sales markets, and we stand behind our terms as long as the project’s core metrics remain stable.

“We believe that certainty and transparency in the lending process are more important than ever given the economic climate.

“Having funded close to £2bn of property transactions across the UK, we are very aware of the risks that come with property development, particularly as the market faces potential economic headwinds.

SCRUTINY

“Our approach is to provide competitive financing with speed, but also with initial careful scrutiny to ensure that we are supporting sustainable and profitable projects in areas of need. Our ability to deliver faster than a challenger bank while maintaining a rigorous risk assessment process is what sets us apart.

“We’re eager to hear from brokers and developers with strong credentials,” Harper concluded. “Whether it’s supporting the expansion of existing schemes or helping landowners unlock new potential, our ability to offer fast, firm decisions, backed by our expertise in risk management, makes us a dependable partner for future growth.”