Borrower information will be checked against Landbay’s criteria before the broker is presented with a list of suitable products. Brokers can then download a quick quote, an indication of the cost of the loan via an ESIS.
Brokers can then convert this information into a full mortgage application, which will produce a decision in principle within 48 hours.
Paul Clampin, chief lending officer of Landbay, said the new tool would provide intermediaries with a “secure and intuitive way” to source a quick and accurate quote on behalf of their buy-to-let clients.
He continued: “This is indicative of our commitment to the intermediary sector, speeding up the process and removing the need for endless paperwork. We know that speed, accessibility and flexibility are crucial for brokers.”