This follows a cut in October 2024 when the firm reduced development finance rates to 9.35%.
Assetz offers this in combination to enhance day one land advance of up 70% LTGDV, allowing developers to secure funding at the outset of projects.
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“We need to pass on interest savings immediately to allow developers to access larger, improved day one loan advances and get on site quicker,” said Andrew Fraser, chief commercial officer at Assetz Capital (pictured above).
“With 24-hour credit decisioning on simple transactions, alongside reduced costs, developers will have the confidence to move more stock through the system and drive housing delivery across every region of the UK. Developers deserve fair costs, speed and certainty of funding from 9.1%.”
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