"These new criteria offer a fantastic opportunity for brokers to help more of their landlord clients, who need specialist advice and products more than ever "
Aggregate loans with Landbay will rise from £2m to £5m, and the lender has also launched a revamped website under a single proposition for both peer-to-peer investors and intermediaries which it says will help 'modernise mortgage lending'.
The site includes a new online chat function for intermediaries, which will allow them to talk directly with the underwriting team about cases.
Paul Brett, managing director of intermediaries at Landbay, commented: “We are constantly listening to our intermediary partners and to the requirements of the market, and we believe these changes will offer a greater offering and flexibility to brokers and their landlords.
“These new criteria offer a fantastic opportunity for brokers to help more of their landlord clients, who need specialist advice and products more than ever after two years of significant regulatory and fiscal change. The increased loan size and aggregate loans will allow us to remain competitive and meet the needs of a wider variety of cases.
“We hope the new look website is now more informative and accessible for all of our audiences including investors, borrowers and institutions. By bringing everything together under one roof we hope to improve the user journey and experience. We have also expanded our online chat function so that brokers can access the information they require with greater ease and efficiency.”
