Mark Hawthorn

Landmark Development Solutions partners with NHBC to help reduce equity requirements and finance costs

Landmark Development Solutions (LDS) has revealed it is working with the National House Building Council (NHBC).

LDS is a residential sales underwriter which focuses on sites of around 15–60 houses with total values of around £3m–20m, and works with SME developers to remove their sales and pricing risks through what is claimed to be an innovative underwriting process.

The NHBC is a warranty provider for new housing which covers more than 154,000 new homes each year. 

“A major step change for developers using LDS and the NHBC is the ability to release our 10% deposit for use,” said Mark Hawthorn founder and CEO at LDS (pictured above).

“This will reduce equity requirements and finance costs, improving both viability and profits. 

“This in turn will bring forward much-needed housing starts and construction activity.”

Mark added that LDS was pleased to be working with the NHBC and claimed that the benefits were so obvious for all parties that terms were agreed over a coffee in just a few minutes.

“An obvious solution to the housing shortage lies with SME developers becoming more active.”

David Kirkwood, underwriting manager at the NHBC, stated: “We are always open to unique ideas and innovations that would benefit our current and future developer clients.

“The LDS model is very simple to understand and transforms the risk dynamics for both the developer and their lenders.

“We already work with almost 10,000 builders and developers, including the majority of the national developers.”

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