18 November 2020

Landbay secures £300mn per year funding deal  

Written By FinTech Alliance in Lending

Landbay secures £300mn per year funding deal  

Buy-to-let mortgage lending platform Landbay has secured £300mn from a new backer.  

In Brief:  

  • The FinTech Alliance company says its “mystery backer” will fund over £300mn of buy to let mortgages per year.  

  • This marks Landbay’s third institutional investor to come on board as a funding source.  

  • It secured a £1bn line of funding last year.  

What does this mean?  

Recently Landbay has changed its business model, exiting the peer-to-peer retail lending space and focusing solely on the buy-to-let mortgages sector which it has seen success in. With the Stamp Duty holiday imposed by the Government, the FinTech says demand for BTL mortgages is higher than ever.  

Read more here.  

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