Landbay has launched a new funding partnership with a deposit-taking bank which will fund mortgages originated by the lender and hold them on their balance sheet.
Landbay has declined to name the bank as it wishes to keep the details of its funders confidential.
John Goodall (pictured), CEO at Landbay, said, “This new funding partnership and our contribution to the successful Canada Square securitisation earlier this month, together with the measures that we have put in place over the past three months, means that Landbay is one of the few lenders emerging from the pandemic stronger than we went in.
“We have continued to lend throughout the year, including throughout the lockdown.”
“We are continuing to strengthen our already robust lending model and innovative platform from which we lend,” he added.
New rates
To coincide with the funding partnership, Landbay has launched a range of special edition products which include two-year fixed rates from 3.09 per cent and five-year fixed rates from 3.35 per cent.
All products come with a 1.5 per cent product fee.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS