Assetz Capital has announced the launch of a new 9.35% development finance rate, available up to 70% LTGDV.
In addition, it has also revealed that decisioning is also available within 24 hours on “straightforward” transactions.
Andrew Fraser, chief commercial officer at Assetz Capital, said: “We’re excited to bring this highly competitive 9.35% rate to market now, when developers are clearly emboldening to build out larger phases on their existing schemes or acquire more land.
“Our combination of 24 hour speed, service, and certainty of funding offers a real advantage to house builders and brokers who need a trusted partner to get on with their scheme in a flexible manner. With substantial volume ready to deploy for the long term, we’re keen to hear about new developments, particularly from landowners looking to make the most of the current market dynamics.”
Assetz Capital recently announced £30.1m of transactions completing across properties in Belfast, Surrey, Glasgow and Leicester.
Fraser added: “Our ability to stretch LTGDV beyond challenger banks in all locations, alongside keener pricing, is something that brokers and developers have been wanting, to enable new housing to be built at volume – and funded quickly.”
