Landbay has announced it is joining Synergy Commercial Finance’s network panel.
The buy-to-let (BTL) lender was already on Synergy’s packager panel but will now provide the firm’s commercial broker members with access to its range of specialist BTL products.
Landbay suggested that this will enable brokers to cater for cases including portfolio landlords, first-time landlords, HMOs, multi-unit freehold blocks (MUFBs), limited companies and new build properties.
Synergy’s brokers will also benefit from Landbay’s instant decision in principle and free title indemnity insurance.
Landbay managing director of intermediaries, Paul Brett, commented: “The BTL market has bounced back strongly and HMOs are in particular demand with record numbers of students and a rise in people wanting to live in shared houses as a result of lockdown.
“Our specialist team will be on hand to help Synergy members to place even their most complex BTL cases, with our experienced underwriters able to provide maximum flexibility on every case.”
Synergy sales director, Piotr Twaits, added: “Including Landbay on our network panel now ensures our network members also have access to its comprehensive range of products. Being able to offer large HMO mortgages at residential pricing will make HMO financing accessible to a wider number of landlords and investors.
“These highly competitive rates are particularly useful at this point in time when some landlords are using the stamp duty holiday to expand their portfolios.
“Landbay has provided excellent support throughout our relationship with them and we are excited about developing our relationship further in the coming months and years.”
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