PEER-TO-PEER property lending platform Landbay has partnered with The Mortgage Compliance & Insurance (MCI) Club to open its product range to brokers and their landlord clients.
The platform, which offers P2P loans for prime residential buy-to-let mortgages, said the partnership will offer MCI Club’s intermediaries a range of products suitable for portfolio landlords, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), first time landlords, limited companies and new build properties.
MCI Club’s brokers will also have access to Landbay’s online intermediary portal, which includes case tracking features and a property portfolio key.
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Landbay noted that several mainstream lenders are rethinking their commitment to the buy-to-let market after two years of complex regulatory change, and the group said as a specialist lender it wants to offer products that bridge the gap between mainstream and commercial lenders.
“We are constantly looking at new ways to open up access to a wide range of brokers,” Paul Brett, managing director of intermediaries at Landbay, said.
“This partnership is testament to our growth ambitions this year, and we look forward to working MCI Club.”
Phil Whitehouse, head of MCI Club, said introducing Landbay to its lender panel is a way to “give our members access to cost-efficient, innovative products, which come hand-in-hand with Landbay’s excellent market insight.”
“The buy-to-let landscape is getting ever more complex, and we are continually striving to meet the evolving demands of our clients,” he added.
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