Landbay has announced that it recorded a 5,520% increase in its revenue from 2016 to 2020, having lent over £0.6bn during that period.

The buy-to-let (BTL) lender suggested that it has ambitions to not only further increase its lending but to also change the way that BTL lending is carried out. Landbay, which uses technology to streamline its lending process, has a cloud-based platform with e-signatures and micro services that allows the lender to turnaround every enquiry in under 72 hours.

Last Week, Landbay announced a funding deal with an international asset manager worth £300m a year, which followed the bank funding deal that the lender announced in July, and the £1bn funding deal it announced in mid-2019.

Landbay COO, Julian Cork, commented: “The huge growth we’ve achieved is a testament to how hard our team has worked over the past four years and the excellent intermediaries we work with.

“The key to our success is our scalable, technology enabled and service-focused lending platform. We designed process and systems that means we can do things faster and more efficiently and crucially, provide a better experience for intermediaries and their clients.

“While the growth of Landbay is incredibly important, we also want to help change the shape of the whole BTL industry providing intermediaries with a vision of what lending could and should look like.”

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