Assetz Capital has announced a further cut to its development finance rates, now starting from 8.85%.
This follows a prior rate reduction in February, with a series of deal completions across Scotland, Yorkshire, South Coast and Midlands in April.
The move is designed to increase affordability and confidence among SME developers, helping them progress stalled projects, make new site acquisitions, and accelerate delivery pipelines amid persistent challenges in the market.
The lender is also offering up to 72% LTGDV day one advances, coupled with 24-hour credit decisions for straightforward cases.
The lender’s reduced rates and accelerated processes are available now to SME developers across England, Scotland, Wales, and Northern Ireland.
Andrew Fraser (pictured), chief commercial officer at Assetz Capital, commented: “Our aim is simple: help developers build more homes, faster. Our rate reduction immediately improves the day one advance available to developers, therefore helping developers to break ground sooner, with lower upfront costs and more certainty in funding.
“We’re staying ahead of the BoE curve because the urgency for housing delivery can’t wait. By acting now, we’re giving brokers and their clients the ability to move quickly, reduce finance costs, and maintain profitability—even in a more constrained market.
“Developers deserve both speed and fairness when it comes to finance. From site acquisitions to the final build phase, we’re providing accessible, fast-track funding that supports sustainable growth in every UK region.”
