Landbay

We are very proud and humbled by these nominations!

Landbay offers a unique way of providing Buy to Let mortgages to Landlords, via its peer to peer platform. We are authorised and regulated by the FCA and operate within the ‘Specialist’ sector of the market.

Our approach has been beneficial for our investors and borrowers and the company’s growth bears testimony to the robust mix of experience and new technology we use to make our intermediaries’ experience with us one of the best they can get in the market. The past four years have been a journey of expansion and development, but the last year has been a real eye opener to what Landbay can achieve as a company. After reaching the £100 million lending milestone in March Landbay has continued to gain momentum and aims to be lending £30 million a month before the year is out.

‘Landbay is a business I’ve invested in three times – the business growth has been really good and so it was an easy decision to enter into a second and third round with them.’ Andy Murray June 2018 Forbes Magazine.

https://www.forbes.com/sites/davidprosser/2018/06/07/andy-murray-talks-investment-as-his-portfolio-grows/#2f3bfc0c5790

Our approach has been to combine talented people and innovative technology. Our business is a mix of highly experienced mortgage professionals, together with some of the brightest talents in tech. We are one of the few lenders in our sector who have a completely online Application and Offer process, with no wet signatures, or certified copies of documents required. If we receive a valuation in the morning, we will produce the mortgage Offer by lunch time and send via email to the applicant. They can then accept the Offer immediately, via e-signature, which means we can instruct Solicitors all in the same day, thus saving anything from a few days, to a few weeks compared to some of our respected competitors.

We have taken the decision NOT to collect ANY fees from the applicant until an Offer subject to Valuation has been made. We believe, that apart from a good TCF approach, this methodology is extremely helpful for our incredible intermediary partners. We also encourage our intermediaries to speak directly with our mandated underwriters, should they wish to do so.

As part of our quality control process we ask our intermediaries to complete a feefo online questionnaire after EVERY completion. We are getting some extremely positive feedback, however, we recognise, we may not always get it right, and we hold review meetings to discuss any critical feedback that may come our way, so that we can constantly improve our process.

Even though our industry is extremely competitive, our sales team makes a point of respecting other lenders in the market and to that end, we have a great relationship with our fellow BTL lenders. This means that, if a case is not a Landbay case, we will do our best to suggest another lender in our sector who may be able to help.