Assetz Capital has introduced a new development finance rate, while TSB lifts selected residential products by up to 10 basis points.
The property finance firm says its 9.35% rate at up to up to 70% loan to gross development value, is aimed at housebuilders, brokers, and landowners.
It adds that decisions on “straight forward transactions” can be reached in under 24 hours.
Assetz Capital chief commercial officer Andrew Fraser says the move comes “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”
Meanwhile, TSB has raised two- and five-year fixed-rate first-time buyer and home mover prices between 90% LTV and 95% LTV by up to 10bps.
