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Peer2Peer Finance News | September 23, 2017

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Landbay partners with mortgage packager Brilliant Sollutions

Landbay partners with mortgage packager Brilliant Sollutions
Suzie Neuwirth

LANDBAY has partnered with mortgage packager Brilliant Solutions to provide its brokers and their professional landlord clients with access to its buy-to-let (BTL) finance products.

The peer-to-peer lender, which recently launched its Innovative Finance ISA, has a new online intermediary portal that Brilliant Solutions’ brokers will be able to access to apply for loans.

“We are delighted to have joined the Brilliant Solutions panel following the recent launch of our online intermediary portal last month and our full FCA regulation at the end of last year,” said Paul Clampin, chief lending officer at Landbay.

“Brilliant Solutions offers access to a strong network of brokers across England and Wales, and their typical customer profile is a perfect match for the professional landlords we are targeting.”

Read more: Landbay: The next steps

“Landbay are a great addition to our panel of lenders; their unique business model and focus on such an important niche in the BTL mortgage market make them of great value to our brokers and their professional landlord clients alike,” said Matthew Arena, managing director of Brilliant Solutions.

“We are looking forward to this new partnership which will be particularly important as the BTL landscape changes in 2017 and beyond.”

Landbay is not the only P2P platform to focus on the broker channel to originate loans. RateSetter’s Australian division has reportedly partnered with mortgage aggregator Connective to boost its growth.

Read more: Landbay partners with Zoopla on buy-to-let P2P product