Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Paul Brett (1)
October 13 2020

Landbay offers free title indemnity insurance on remortgages

Michael Lloyd Industry News, News, Property, Top 3 Landbay, Paul Brett, title indemnity insurance

Landbay said it will offer free title indemnity insurance on remortgages to speed up the legal process for intermediaries.

The insurance will be available on qualifying remortgages up to £1m and to 75 per cent loan-to-value (LTV).

The buy-to-let mortgage lender, which exited the peer-to-peer lending space last year, said this will lead to a quicker turnaround which can, in turn, provide an alternative to bridging finance when speed is essential.

Read more: Landbay backer questions “shallow growth” of P2P rivals

Read more: Landbay partners with Lender Exchange for its conveyancing

“Offering free title indemnity insurance on remortgages will decrease the amount of time it takes for the remortgage to go through, which means that landlords and investors may have faster access to additional finance should they need it,” said Paul Brett (pictured), managing director of intermediaries at Landbay.

“For intermediaries it also provides the opportunity of highlighting the importance of title indemnity insurance to their clients to ensure they are protected against all eventualities.”

This follows Landbay cutting rates to its two-year fixed rate buy-to-let mortgages last month.

In July, the lender raised its maximum loan sizes from £1m to £1.5m on all standard properties, houses in multiple occupation and multi-unit freehold blocks, as well as on new build properties from £500,000 to £750,000.

At the start of June, Landbay launched a new product range with higher LTVs as confidence returned to the property market.

P2P platforms confident they can compete in a negative rate environment P2P business loans to be worth $241.5bn in 2021

Related Posts

Dog at school

Industry News, News, Top 3

Five key takeaways from the fintech review

Closed sign

Industry News, News, Property, Top 3

The House Crowd goes into administration

investing

Industry News, News, Top 3

Government urged to modify EIS to promote lending

Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by