New features and services have been added as part of the portal upgrade, including more detailed case status reporting and progress updates. European Standardised Information Sheet documentation can now be downloaded at any time in the application process. Also, applicants no longer have to sign the offer document and solicitors are instructed as soon as the offer is made.
Landbay has also cut rates by up to 0.10% as part of its streamlining of the product range, and fees have been decreased by 0.25%.
Paul Brett, managing director of intermediaries at Landbay, said: “As a technology-led lender, we are constantly looking at ways in which we can streamline the customer journey, for mortgage intermediaries and our landlord applicants.
“Intermediaries will now gain much more visibility in respect of the status of their cases and applicants will enjoy an even faster process.
“We’re constantly looking for ways to improve our products and this latest batch of rate and fee reductions keeps our core range attractive and competitive.”
Original article featured here…
Landbay recently enhanced its product range to suit landlords looking to invest in the north of the UK; the minimum property value has been lowered on its core products from £75,000 to £65,000.