Landbay partners with Mortgage Intelligence

Specialist Buy-to-Let (BTL) lender Landbay has partnered with the Next Intelligence mortgage club, Mortgage Intelligence, Mortgage Next and FYB Network brands.

This new partnership will provide mortgage brokers and their landlord clients that are Mortgage Intelligence members 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 provides case tracking capabilities and a property portfolio key.

Commenting on the partnership, Landbay managing director of intermediaries Paul Brett said: “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.

“Working with Next Intelligence further grows our distribution base and increases the number of borrowers who can benefit from our products.”

This partnership comes off the back of Landbay’s recent announcement of a new £1bn funding line.

The BTL market today is drastically different from just two years ago; mainstream lenders are now recalculating their commitment to the BTL market, therefore bolstering the position of specialist lenders such as Landbay, which are able to offer BTL mortgage products that close the gap between mainstream and commercial lenders, exclusively via intermediaries.

Next Intelligence managing director Sally Laker added: “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.”

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