Landbay readjusts focus to scale buy-to-let mortgage business  

December 09, 2019 | Lending
Written by FinTech Alliance

Tags

landbay
Landbay readjusts focus to scale buy-to-let mortgage business  

Mortgage lender Landbay is leaving the P2P funding market to favour institutional investment.

In Brief:

  •  This follows a £1bn funding agreement.

  • All existing retail investors have had their funds returned in full to their Landbay account including interest.

  • COO Julian Cork spoke to us exclusively on the matter.

“With the continued modularisation of financial services and our strong track record of high quality origination, we are seeing a significant increase in demand from institutional investors and the move enables us to focus on this element of our marketplace. We maintain the Landbay vision to be the leading BTL lending platform – meaning that we are the go-to lender for brokers and the partner for choice for those that want to invest in BTL mortgages.”

Read more here.

 

More in Lending

Trussle raises £7.5mn from Goldman, others
Lending
January 24, 2020

Trussle raises £7.5mn from Goldman, others

UK-based mortgage broker Trussle has raised £7.5mn in its Series C round. In Brief:...

LendInvest names new CEO
Lending
January 14, 2020

LendInvest names new CEO

Rod Lockhart has been named the new CEO of UK mortgage FinTech LendInvest. In Brief: Loc...

InsurTech Better.com raises £132mn in round including AmEx, Citi and Goldman
Lending
August 20, 2019

InsurTech Better.com raises £132mn in round including AmEx, Citi and Goldman

Home-financing startup Better.com has raised £132mn ($160mn) in its series C funding round....

There are no Knowledge Bank in this category

There are no Events in this category