LDS expands maximum GDV criteria to £55m

To meet growing demand, LDS Sales Guarantees has increased the maximum GDV of the projects it will consider from £35m to £55m.

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.

“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.

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