30th January 2021
Network Launches Funding Arm
New service offer to address current lending challenges which are further adding to the housing crisis
In direct response to the housing crisis in the UK and the increased challenges in developers securing funding to build homes – which has been further hindered by the pandemic – property facilitator and network specialists, Land & New Homes Network, has announced the launch of LNH Funding, adding to its suite of services for its developer and estate agent members.
With access to funding continuing to be difficult for developers, the need to meet clear targets for housing throughout the UK and many lenders being increasingly cautious due to the pandemic, Land & New Homes Network has created LNH Funding to unlock potential development sites, and drive forward house building.
LNH Funding sees the introduction of a panel of specialist development finance brokers and insurance brokers, that are ready to help fund and insure schemes across the country. This new department is working to address the common issue that small and medium-sized house builders encounter; the struggle to access sufficient funding and insurance to complete developments for much-needed homes throughout the UK.
The only property network of its kind in the country, Land & New Homes Network offers it members access to a large network of property sector contacts, as well as land and new home opportunities, best practice guidance, marketing, training, resources, workshops and now funding and insurance.
Founder Kevin Ellis, said: “The addition of LNH Funding for our members is an important step in aiding developers to secure the funding streams they need to complete their housing schemes.
“Failure to secure funding is one of the biggest issues causing major delays in the building of new homes and this new, trusted financial resource, is a strategic solution to fill that gap.
“The need for this has never been stronger. The pandemic has caused many residential developments fail to secure funding, coupled with the demand for housing rapidly increasing and the surge of people wishing to move to take advantage of the current stamp duty holiday, there simply isn’t enough stock.
“Through LNH Funding and our vast network of partners, we are able to connect industry professionals from all over the country to bring new homes and land deals to life.”
Tim Downing, director at residential and commercial estate agency Pygott & Crone, and member of the Land & New Homes Network, said: “The network is as ever proving to be an innovative and vital resource for professionals in the industry. The introduction of LNH Funding is an important part of the puzzle which will aid the thousands of developers who are unable to get their schemes off the ground due to funding, as well as providing estate agents like ourselves with significant volumes of selling opportunities.
“The demand for housing in the UK remains high and Kevin and his team are market leaders in enabling and facilitating deals, giving its members all they need to deliver much needed housing for the public.”
DenCo Advisory is one of the founding LNH Funding partners. Managing director Mark Denney, said: “DenCo is proud to be partnering up with this fantastic network. 10 years on from the banking crisis the lending landscape has changed drastically. DenCo aims to assist developers and SME house builders in navigating this landscape. It’s not simply a case of providing terms, we aim to manage transactions through to completion. We advise at every stage of the deal with the sole aim of generating value for our clients.”
With coverage in more than 450 locations nationwide, Land & New Homes Network has become a one-stop shop to find, facilitate and support opportunities for house builders to build homes and estate agents to expand their portfolios of new homes.
An excellent workshop. Top tip to be implemented straight away – identify developments to promote our rentals team.
Overwhelmed! Seriously, such a lot of valuable and well presented material
The Land and New Homes Network team are exceptionally supportive!
A very friendly bunch… full of enthusiasm and energy, giving great advice whenever you need it, allowing you to grow and develop your network.
It is a great vehicle for learning new ways how to expand our land and new homes division.
Thanks for your email outlining the next content for the iQ folder. I’ve received the hard copies in today’s post and have to say I am very impressed with all the new material you guys are producing for us members.
Always provides key improvements to our business. Thanks as always.
What’s best about the Land & New Homes Network? The firepower it brings, and the confidence it gives you. I really can’t praise it enough.
A fantastic business that delivers everything it promises a no brainier for good independent Estate Agents
I have been working with Kevin as a member of The Land and New Network since October 2017. I have found his advice and guidance to be second to none. Through Kevin’s insight and advice Orchid have started to build a strong land and new homes division. Kevin is a true professional in his field.
Land & New Homes Network have helped me and my business take it to another level over the last year. The support from the whole team has been greatly appreciated with Kevin & Ian always on hand. I would recommend other forward-thinking agents to consider the network as a large part of their business. It’s not gift-wrapped for you, but the support, collateral, and connections give you an opportunity to make it a real success.
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