Landbay has joined Synergy Commercial Finance’s network panel, enabling the buy-to-let lender to offer its products to a new group of brokers and their clients.
Landbay, which was a peer-to-peer lender until it exited the retail investment market last December, was already on Synergy’s packager panel.
As a result of the new partnership, it will also provide Synergy’s commercial broker members with access to its range of specialist buy-to-let products.
Landbay said that Synergy’s members will be able to access its buy-to-let products for large houses in multiple occupation (HMOs) at rates usually only seen on residential mortgages. Its large HMO mortgages are available for buildings with between six and 12 rooms.
Synergy specialises in providing services for commercial and specialist brokers. Its partnership with Landbay will expand its portfolio of UK and international funders in the commercial and specialist buy-to-let finance markets.
“This partnership will bring our market-leading products to a new group of specialist commercial brokers and their landlord clients,” said Paul Brett, managing director of intermediaries at Landbay.
“The buy-to-let market has bounced back strongly and HMOs are in particular demand with record numbers of students and a rise in people wanting to live in shared houses as a result of lockdown. Our specialist team will be on hand to help Synergy members to place even their most complex buy-to-let cases, with our experienced underwriters able to provide maximum flexibility on every case.”