The new home will measure approximately 4,000 sq ft and replace a 1940s prefabricated property.

Brokers can search criteria spanning eight active lending types, including development and bridging finance.

Interest rates reduce by 1.5% per annum automatically after practical completion under the new structure.

Plans include a 1,700 sq ft private terrace, a feature increasingly used to support rental premiums in the West End.

The loan is structured over an 18-month term with a six-month extension option.

Assetz Capital is maintaining a maximum loan-to-gross-development-value ratio of 72.5% under the updated policy.

The launch follows Knowledge Bank’s recent membership of the BDLA, strengthening its presence in the development and bridging finance market.

Development finance confidence peaked mid-year as brokers searched £70bn in loans.

The development will deliver eight new flats, comprising two one-bedroom, three two-bedroom and three three-bedroom units, along with private amenity space and 22 cycle spaces.

Borrowers can now access loan amounts from £100k+ up to 75% LTV.