"The addition of Landbay to our panel provides our members with increased opportunities to help their clients."
Landbay’s criteria covers first time landlords, HMOs and multi-unit-let, as well as clients working through a limited company structure, whether SPV or trading business.
Additional criteria includes new build flats, expats, tenants who receive benefits and assured shorthold tenancy agreements up to 36 months.
Martin Reynolds, CEO of SimplyBiz Mortgages, commented: “The BTL market has seen many changes over the last few years, and the breadth of criteria now needed to adequately service clients has expanded. The addition of Landbay to our panel provides our members with increased opportunities to help their clients. The niche BTL markets are still underserved, but Landbay is helping to increase choice.”
Paul Brett, Managing Director – Intermediaries at Landbay, added: “I have known the team at SimplyBiz Mortgages for a number of years and their experience and desire to continually provide training and education to their members means we were a perfect fit. These elements, backed by their compliance proposition, meant launching via SimplyBiz Mortgages as a leading mortgage club was the natural choice.”