Alongside the rate cut, Assetz offers 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.

In addition, Assetz 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.

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Andrew Fraser, CCO at Assetz Capital (pictured above), 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-plus units, we cover all sizes of developer in all regions with our on the ground development experts.”