The company attributed the rise to a softening property market which saw enquiry levels grow as brokers and developers looked to increase leverage and cashflow on projects.
Mark Hawthorn, CEO at LDS, commented: “Amid the largest drop in house prices in over a decade, demand for our sales guarantees has soared.”
“Our offering reduces risk and releases much needed cash to SME developers — two highly sought after requirements in this market.”
Mark Roberts, relationship director at LDS, added: “We are seeing situations where down valuations and increased interest costs are creating equity shortfalls, potentially killing deals.
“Our ability to put 10% cash back into a housebuilders cashflow can remove these shortfalls [which is] often the difference between a site moving forward or remaining undeveloped.”
Ben Jenkinson, managing director at LDS (pictured above), also said: “We’ve worked hard at fostering repeat business and strengthening our relationships with lenders.
“This, coupled with a growing LDS team and market conditions, is feeding into the fantastic enquiry levels we’re experiencing.”
