Landbay, the buy-to-let lender, has achieved a 5,520% growth in revenue from 2016 to 2020. During the same timeframe, £600m was lent by the company.
The lender announced that it is now ranked at number 6 on the Deloitte UK Fast 50 and is the top ranked mortgage lender. This is the third year running that Landbay has featured on the Deloitte UK Fast 50, one of the UK’s foremost technology awards programmes.
Julian Cork, COO of Landbay, says: “The huge growth we’ve achieved is a testament to how hard our team has worked over the past four years and the excellent intermediaries we work with. We set out to become the leading customer services company designing better ways to buy-to-let and this recognition from Deloitte shows we are well on the way to achieving this.
“The key to our success is our scalable, technology enabled and service-focused lending platform. We designed process and systems that means we can do things faster and more efficiently and crucially, provide a better experience for intermediaries and their clients.
“While the growth of Landbay is incredibly important, we also want to help change the shape of the whole buy-to-let industry providing intermediaries with a vision of what lending could and should look like.”
Original article featured here…
Landbay has just agreed a new funding deal with an undisclosed asset manager, which aims to fund over £300m per year of the lender’s originated mortgages. Another recent announcement from the firm was the addition of two new BTL products in response to sharply rising demand, following a recent product refresh.