Landbay

Landbay
Private
Industry Peer-to-peer lending
Headquarters London, England
Key people
 John Goodall and Gray Stern
Products Residential buy-to-let mortgages
P2P lending
Services Financial services
Website landbay.co.uk

Landbay is a peer-to-peer lending platform for residential buy-to-let mortgages.[1][2]

Company overview

Landbay enables retail and institutional investors to invest in the UK's buy-to-let mortgage market via its online peer-to-peer lending platform. The business model matches investors' funds to buy-to-let mortgages, thus all loans are secured by residential real estate. [3][4]

As at February 2015 Landbay is the fastest growing peer-to-peer platform in the United Kingdom[5] and as of March 2015 the business was lending £2m per month.

The company was founded by John Goodall and Gray Stern.[6][7]

In March 2015 the business was named in the Everline Future 50 as one of the most disruptive startups in the UK.[8]

Landbay is a member of the P2P Finance Association. The Association also includes other established P2P lenders in UK financial market such as Zopa, Funding Circle, and RateSetter.[9] Landbay is also a member of the Council of Mortgage Lenders.

The company is authorised and regulated by the Financial Conduct Authority.

Peer-to-Peer Lending

Peer-to-peer lending is the practice of lending money to unrelated individuals or businesses, "peers", without going through traditional financial intermediaries like banks. Landbay is a peer-to-peer platform: the online exchange that manages the entire lending process, allowing users to lend money across multiple properties in return for an interest payment each month.[10][11]

References

  1. ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  2. ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  3. ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  4. ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  5. ↑ Altfi Data, Liberum AltFi Volume Index UK
  6. ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  7. ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  8. ↑ Real Business, "50 of the most disruptive British businesses in 2015", by Hunter Ruthven, 5 March 2015
  9. ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  10. ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  11. ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
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