The partnership will provide mortgage brokers and their landlord clients with access to Landbay’s specialist lending products.
The new partnership will enable Mortgage Intelligence to offer brokers a greater variety of products that are suitable for portfolio landlords, HMOs, MUFBs, first time landlords, limited companies and new build properties. Appointed Representatives and Directly Authorised members will also have access to Landbay’s online intermediary platform, which includes market-leading case tracking capabilities and a property portfolio key.
This partnership marks Landbay’s continuous commitment to providing brokers and landlords with the best specialist support available in the market and comes off the back of Landbay’s recent announcement of a new £1bn funding line. The buy-to-let market today is drastically different from just two years ago; mainstream lenders are now recalculating their commitment to the buy-to-let market. This has strengthened the position of specialist lenders such as Landbay, which are able to offer buy-to-let mortgage products that close the gap between mainstream and commercial lenders, exclusively via intermediaries.
Paul Brett, Managing Director of Intermediaries at Landbay, commented: “Our lending volumes continue to grow, hitting new levels each month. There is no doubt that our progress is driven by a surge of demand from those struggling with the crack-down on regulation in the buy-to-let market, together with our ability to support intermediaries by offering direct access to our underwriters and also a genuine commitment to high levels of customer service. Landbay is well equipped to deal with complex cases and so brokers are now looking towards lenders that are able to offer greater flexibility. Working with Next Intelligence further grows our distribution base and increases the number of borrowers who can benefit from our products.”
Sally Laker, Managing Director at Next Intelligence, commented: “We are delighted to be working with Landbay, a partnership which supports our ambition to provide to our customers with the best level of service and support. The company’s personalised and specialist approach will be invaluable to our club and network members, particularly given the ever more multifaceted buy-to-let market.”
