"Mainstream lenders are now less well equipped to deal with complex cases, so brokers are shifting towards specialist lenders who can offer greater flexibility. "
Sesame and PMS members will, in turn, be able to access Landbay’s online intermediary portal, which includes features such as case tracking and a property portfolio key.
Paul Brett, managing director of intermediaries at Landbay, commented: “We are hitting new lending records every month, and this is largely driven by a surge of demand from those affected by last year’s PRA underwriting rules. Mainstream lenders are now less well equipped to deal with complex cases, so brokers are shifting towards specialist lenders who can offer greater flexibility. Working with Sesame and PMS will enable us to expand our support to a wide range of brokers across the UK, and offer our services to those who would benefit from our expertise.”
Stephanie Charman, specialist relationship manager at Sesame and PMS, added: “We’re excited to welcome Landbay to our panel of lenders, and to work with them in the years to come. The firm’s tailored and specialist approach will be extremely valuable to our members, especially given the ever more complex buy-to-let market.”
