FinTech Alliance company Landbay has announced a partnership with Atom Bank worth £500mn.
In Brief:
The pair have entered into an origination and funding partnership.
Landbay is a leading marketplace lending platform for buy-to-let mortgages.
Atom Bank will fund up to £500mn of Landbay’s mortgages.
What does this mean?
Atom already offers prime and near prime residential products, but the Landbay partnership will offer it access to the £280bn buy-to-let market and Landbay’s technology platform.
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