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Landbay sees sharp rise in lending volume

Landbay has achieved a rather impressive 200% growth in lending volumes over the past 12 months. 

The buy-to-let lender reports that recent tax changes have fuelled an increase in demand for mortgage products catering to incorporated and limited liability partnerships.

John Goodall, founder and chief executive at Landbay, which recently became an institutional only platform after closing its retail investment arm and exiting the peer-to-peer lending market, commented: “Against a background of political and economic uncertainty, Landbay’s growth in 2019 is even more gratifying.

“It’s clear brokers value our service record alongside the experience of our team and our suite of buy-to-let products.

“As a business we’re focussed on continuing to evolve and develop our proposition.”

“Landbay is focussed on 2020 as we exclusively partner with institutional investors to support the UK’s vital PRS,” he added. 

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