In addition, the two platforms will enter into a long term strategic partnership which is due to launch in the summer months.
The partnership with ZPG aims to drive awareness of Landbay’s new Property-Secured ISA, launching later this year.
Landbay figures show more than £5 million completions each month in new peer-to-peer mortgages. The company is one of 8 members of the Peer-to-Peer Finance Association and the only peer-to-peer full member of the Council of Mortgage Lenders.
Landbay has previously raised around £3 million in private equity investment from both institutional and retail investors.
Alex Chesterman, Founder & CEO of Zoopla Property Group, said:
“We are delighted to announce our partnership with Landbay, one of the most innovative tech businesses in the UK property sector. Landbay has developed an exciting peer-to-peer lending proposition for residential property that allows consumers to invest from as little as £100. We are looking forward to working with them to bring residential property investing to the masses."
Landbay CEO John Goodall, added:
“ZPG’s investment kickstarts a long term relationship to develop our shared goal: to support consumer investment in homes. Residential property is historically the UK’s best loved asset class and we are looking forward to leveraging our partnership with Zoopla to democratise investment in the sector.
"Since our inception we have removed the bureaucracy in mortgage lending, passing on a better return and experience for investors and borrowers alike. As the original pioneers in proptech, ZPG is the perfect partner to collaborate with us as we help consumers to prosper from the property market.”
