Landbay granted full FCA authorisation

Landbay has lent over £42m since 2014, over 241 loans, with 0% facing repayment difficulties.

John Goodall, Landbay CEO said: “We are pleased to confirm that the FCA has granted Landbay its full authorisation for peer-to-peer lending.

“For the past 14 months we have worked hard, in collaboration with the regulator. As our industry continues to grow and mature, it is only right that regulation should evolve in line, and we welcome the detailed approach the regulator has taken throughout the process. This is a significant milestone for Landbay and we look forward to launching our property-backed ISA before the end of the tax year."