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Landbay sets sights on growth with Mortgage Intelligence tie-up

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  • 04/09/2019
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Landbay sets sights on growth with Mortgage Intelligence tie-up
Landbay has teamed up with mortgage club Next Intelligence and network Mortgage Intelligence to offer the lender’s products to their broker members.

 

Landbay’s products will be available through the Next Intelligence, Mortgage Intelligence, Mortgage Next and FYB Network brands.

Loans available cover portfolio landlords, homes in multiple occupancy, multi-unit freehold blocks, first-time landlords, limited companies and new-build properties.

The deal enables Next Intelligence’s directly authorised or appointed representative members to access Landbay’s online intermediary platform.

Landbay said: “The BTL market is drastically different from just two years ago. Mainstream lenders are recalculating their commitment to BTL. This has strengthened specialist lenders whose exclusive intermediary products close the gap between mainstream and commercial lending.”

The news came on the heels of Landbay securing £1bn in funding from an institutional investor in July, with a view to growing its buy-to-let (BTL) loan book “significantly”.

Paul Brett, managing director of intermediary at Landbay (pictured), said: “Our lending volumes continue to grow and to hit new levels each month. This is driven by a surge of demand from those struggling with the regulatory crackdown on BTL. And by our support for intermediaries including direct access to our underwriters and high levels of service.

“We are well-equipped to deal with complex cases. The partnership with Next Intelligence grows our distribution base,” he added.

Sally Laker, managing director of Next Intelligence, said: “The partnership with Landbay enables our ambition to provide the best levels of service and support. The lender’s personalised, specialist approach will be invaluable to our members, particularly given the ever-more multifaceted BTL market.”

 

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