Head of Product Development & Guarantees

Job summary

This is an exciting time to join Homes England, the government’s housing and regeneration agency, at a pivotal moment for housing delivery. Government has placed housing at the heart of its agenda, with a mission to deliver more high‑quality homes across the country.

To help achieve this, government has committed £16bn of capital to be invested and managed through Homes England’s Investment Directorate via the National Housing Bank (NHB)—including £5.5bn for a new guarantees programme. The Guarantees Team exists to attract new and additional institutional capital into housing and to create scalable platforms that channel capital into delivering quality homes in well-designed places.

As Head of Product Development & Guarantees, you will lead the origination and design of scalable, impactful financial products that overcome barriers to investment and unlock delivery at pace. You will empower internal stakeholders to co‑create compelling propositions and work market‑facing to ensure products are grounded in real‑world need and capable of mobilising capital at scale.

Job description

You will be joining a nascent, high‑impact guarantees team at a time when the sector needs innovation. This role offers genuine scope to shape the future of housing investment—designing products that correct market failures, crowd in private capital, and support the government’s vision for more homes and stronger places.

What you’ll do:

• Originate and develop innovative, scalable financial product ideas—focused on guarantees and related mechanisms—to unlock stalled or complex projects.
• Lead product strategy from ideation to operational readiness, ensuring coherence with NHB mandate, risk appetite, and delivery pathways.
• Engage the market (investors, lenders, developers, local partners) to validate need, structure solutions, and secure adoption.
• Align stakeholders across policy, legal, risk, operations, finance, and delivery teams to shape products that are robust, investable, and ready to scale.
• Build business cases and product documentation that articulate impact, value for money, and risk management.
• Champion outcomes: accelerate delivery of high‑quality homes, support regeneration, and enable long‑term place-making.

Person specification

We’re looking for creative, market‑savvy product leaders with strong knowledge of the residential market and a track record of designing financial instruments or market interventions that enable delivery at scale.

Essential experience:

• Deep understanding of the UK residential and/or regeneration finance ecosystem (e.g., lenders, institutional investors, developers, housing associations, local authorities).
• Proven experience in product development (finance, guarantees, credit enhancement, or related structured solutions) from concept through to delivery.
• Strong market engagement capability—listening to the market, translating need into product design, and building adoption through trusted relationships.
• Demonstrable stakeholder leadership, influencing across complex organisations and multi‑disciplinary teams.
• Ability to balance policy intent, commerciality, risk, and deliverability—producing solutions that are impactful and operationally sound.
• Experience shaping investment/credit frameworks, metrics, and controls to support scalable deployment.

Desirable:

• Background in guarantees, project finance, housing finance, infrastructure investment, capital markets, or public‑private investment platforms.
• Experience working within or alongside arm’s‑length bodies, government, or regulated institutions.

About the National Housing Bank

The National Housing Bank (NHB) is a new financial organisation, operating as a subsidiary of Homes England, created to unlock investment at scale and connect capital with capability. Backed by £16bn in new financial capacity (alongside £6bn already committed this Parliament), the NHB’s mission is to accelerate delivery of more homes, stronger places, and thriving communities.

What the NHB does:

• Provides government‑backed finance tailored to market needs.
• Uses deep local relationships to drive regeneration and long‑term development.
• Creates confidence and capacity for partners to innovate, unlock complex sites, and deliver at pace.

Joining the NHB offers a rare opportunity to shape a new national institution from the ground up—how we operate, how we partner, and how we deliver impact.

Benefits

Homes England is an executive non-departmental public body with its own terms and conditions, benefits and pension scheme. We are a government agency working in partnership with the private sector and want to employ and retain great people. In return we offer a range of excellent benefits, some of the key benefits include:

Holiday - Homes England offers all staff 33 days annual leave per year in addition to 8 statutory bank holidays.

Working Flexibly - At Homes England we have a strong culture of flexible working and encourage all employees to have a healthy work/life balance. We offer a wide range of potential working patterns, including part time, job share and compressed hours.

Health and Wellbeing - We offer health screening with Nuffield Proactive Health Clinics, a free Employee Assistance Programme which offers confidential support 24 hours a day, 7 days a week as well as access to Occupational Health.

Professional Development - At Homes England we are committed to your continued professional and personal development with learning as one of our core values. We pay for one job-related professional membership subscription per year for our employees.

We also offer an excellent range of family friendly benefits, for example, maternity, paternity, shared parental leave.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

How to apply?

To apply please follow the links to our careers page.

Security

Successful candidates must pass a disclosure and barring security check.

Selection process details

For more information on the role, please see the attached Job Description.

Successful applicants will be advised of the outcome of their application and interviews held as soon as practical after the closing date. Feedback will only be provided if you attend an interview or assessment. We would like to take this opportunity to thank you for your interest in this role and Homes England.

Please note – Homes England has a responsibility to ensure compliance with HMG Baseline Personnel Security Standard to address the potential problems of identity fraud, illegal working and deception generally. To ensure compliance we will carry out a pre-employment Personal Identity and Vetting Report through Experian to meet the standard and you will therefore be asked to provide certain information in order that the verification check can be carried out if you are successful in your application.

Homes England are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates. We are proud to be an equal opportunities employer that values and respects the people who work for us. Our aim is to be an employer of choice, enabling everyone to reach their full potential.

Homes England is committed to protecting the privacy and security of your personal data. For further information please refer to our Privacy Notice which can be viewed here:

https://www.gov.uk/government/organisations/homes-england/about/personal-information-charter

Nationality requirements

Open to UK, Commonwealth and European Economic Area (EEA) and certain non EEA nationals. Further information on whether you are able to apply is available here.

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.

The Civil Service embraces diversity and promotes equality of opportunity. There is a guaranteed disability confident interview scheme for candidates with disabilities who meet the minimum selection criteria.

Further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Ciara Lynn
• Email : Ciara.lynn@weareams.com

Recruitment team

• Email : psrpermapplications@weareams.com

Attachments

JD - Head - Product Development Opens in new window (docx, 312kB)