Assetz Capital opens doors for new developers, backing sensible housing projects
Assetz Capital, one of the UK’s leading SME property development finance providers, has launched a dedicated First-Time Developer Finance option aimed at bringing experienced business and property professionals into UK housing development, giving them the opportunity to deploy their capital safely while leaning on Assetz Capital’s market expertise and regional presence throughout whole of the UK.
The facilities offered support developers who have completed fewer than two projects but demonstrate proven capability through construction, project management, or business experience. Funding is available up to 70% LTGDV and 85% LTC, with a minimum cash contribution from just 5–7.5%, depending on structure and experience.
Andrew Fraser, chief commercial officer at Assetz Capital, said: “We want to support the smart, ambitious business and property community with the capital and vision to deliver quality homes — but who may not yet have development experience levels set by some of the Banks who remain a blocker to wider housing delivery. By combining proposed developers’ financial resources with our expertise and structured processes, we can deliver safe, well-managed projects that meet market demand. This is about opening doors responsibly, providing the right leverage for the right projects and people .”
Assetz Capital’s approach allows capable new entrants to enter the development sector while benefitting from robust credit oversight, structured processes, and professional project management support. All projects are to be fully funded, straightforward construction method, and saleable near urban locations.
“By welcoming capable people with capital into the sector, we’re helping to expand the SME developer base bringing new housing at pace to market. We will look to focus on the project team, contractor, project complexity, location, PG coverage and strong contingency to ensure the right balance is kept” Fraser added.