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Peer2Peer Finance News | May 26, 2019

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Landbay hires Paragon’s Ian Hall as part of expansion drive

Landbay hires Paragon’s Ian Hall as part of expansion drive
Suzie Neuwirth

LANDBAY has named Paragon Bank’s Ian Hall (pictured) as regional account manager for the North, as the buy-to-let lender powers ahead with its expansion plans.

Hall has spent 12 years in the mortgage industry, most recently working at challenger Paragon Bank and previously at buy-to-let lender CHL Mortgages.

“Ian is well respected in the market and his expertise will play a crucial role in growing our broker relationships, further cementing our position in the market,” said Paul Brett, managing director – intermediaries at Landbay.

Read more: Landbay opens Seedrs round to new investors as chief eyes IPO

“His unique understanding of complex buy-to-let will bring much value to what is an already dynamic team.”

The peer-to-peer lender said that it is planning to increase headcount by 70 per cent by this summer, to support its growing pipeline of deals.

It said that lending volumes continue to increase month on month and the company is “well on track” to hit profitability in the third quarter of this year.

“Landbay has quickly established itself as an innovative and responsive lender in the buy-to-let space, with a compelling, innovative and sector disrupting approach to lending,” said Hall. “I’m looking forward to bringing my experience to the business, strengthening its reputation as a leading specialist lender at a time of rapid growth for the company and sector as a whole.”

Read more: Landbay signs up to broker portal Criteria Hub