NatWest Group has announced a new partnership with Landbay.
The agreement will see NatWest enter the limited company buy-to-let mortgage market, leveraging Landbay’s lending platform and broker distribution network.
NatWest will fund a suite of buy-to-let mortgage products to professional landlords for the first time, delivered under the Landbay brand.
Nigel Davey, head of buy-to-let, home buying and ownership at NatWest Group, commented: "Today’s announcement is an important partnership for our Home Buying and Ownership business. Landbay’s industry expertise and market agility enables fast access to the dynamic professional landlord sector.
"Professional landlords play a critical role in ensuring the ongoing supply of good quality housing stock. NatWest will fund a suite of buy-to-let mortgage products to professional landlords for the first time, delivered under the Landbay brand.
"This represents another step in our growth strategy which aims to make the home buying and ownership experience simpler for buyers and brokers."
John Goodall, chief executive at Landbay, said: "This partnership deal is great news for intermediaries and their clients: it will help us broaden our offering to brokers and professional landlords – an important and growing segment of the buy-to-let market – providing them even greater choice.
"We are really looking forward to partnering with NatWest Group. It’s been great working with Nigel and his team to get the deal off the ground and help them access this market. And it reinforces the reputation Landbay has for originating, underwriting and managing buy-to-let mortgages for other financial institutions. It will be a key driver of growth over the coming years."
