The widening of criteria aims to create more opportunities for developers, their senior lenders and finance brokers to maintain momentum.
Ben Jenkinson, managing director at LDS (pictured above), commented: “LDS was formed to help SME developers across England and Wales build more new homes and play a bigger part in solving the enduring housing crisis.
- Hilltop launches real estate funding and management platform
- Choice of finance options will be essential for developers in 2024
- West One completes its largest development loan to date for £48m GDV project in west London
“Our sales guarantee enables both project risk reduction and increased returns.
“As project size and unit numbers increase, so the credit-enhancing benefits of removing sales risk come into sharper focus.
“We look forward to supporting more developers and more projects alongside our growing panel of quality senior lenders — details of new additions on the way soon.”
In August, LDS experienced its largest amount of sales guarantees in both volume and numbers.