LANDBAY has partnered with mortgage networks Sesame and the PMS Mortgage Club to give their brokers and landlord clients access to its specialist buy-to-let products.
The peer-to-peer property lender has joined both lending panels to offer Sesame and PMS’ intermediaries products for portfolio landlords, houses in multiple occupation, multi-unit freehold blocks, first time landlords, limited companies and new build properties.
Sesame and PMS members will, in turn, be able to access Landbay’s online intermediary portal, which includes features such as case tracking and a property portfolio key.
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“We are hitting new lending records every month, and this is largely driven by a surge of demand from those affected by last year’s Prudential Regulation Authority underwriting rules,” Paul Brett, (pictured) managing director of intermediaries at Landbay, said.
“Mainstream lenders are now less well equipped to deal with complex cases, so brokers are shifting towards specialist lenders who can offer greater flexibility.
“Working with Sesame and PMS will enable us to expand our support to a wide range of brokers across the UK, and offer our services to those who would benefit from our expertise.”
“We’re excited to welcome Landbay to our panel of lenders, and to work with them in the years to come,” Stephanie Charman, specialist relationship manager at Sesame and PMS, said.
“The firm’s tailored and specialist approach will be extremely valuable to our members, especially given the ever more complex buy-to-let market.”