Landbay

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

Landbay
Private
IndustryPeer-to-peer lending
Headquarters
London, England
Key people
John Goodall and Gray Stern
ProductsResidential buy-to-let mortgages
P2P lending
ServicesFinancial services
Websitelandbay.co.uk

Company overview

Landbay runs an online peer-to-peer lending platform where investors can invest in the United Kingdom's buy-to-let mortgage market. The business model matches investors' funds to buy-to-let mortgages, thus all loans are secured by residential real estate. [3][4] When the company launched, both Landbay worked with both individual and institutional lenders, however in 2019 Landbay stopped allowing individual investors to use its services.[5][6]

As at February 2015 Landbay is the fastest growing peer-to-peer platform in the United Kingdom[7] and as of March 2015 the business was lending £2m per month.

The company was founded by John Goodall and Gray Stern.[8][9]

In March 2015 the business was named in the Everline Future 50 as one of the most disruptive startups in the UK.[10]

Landbay is a member of the P2P Finance Association.[11] Landbay is also a member of the Council of Mortgage Lenders.

Landbay is regulated by the FCA Financial Conduct Authority.[12]

gollark: See, this is the problem, you shouldn't say you'll do things in 10 minutes.
gollark: It is illegal to mute me.
gollark: Denied.
gollark: I mean, by some definitions of instruction, there are zero instruction ones.
gollark: "These days"? What was it *before*?

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. Megaw, Nicholas (5 December 2019). "Peer-to-peer lending platform Landbay shuts doors to retail investors". The Financial Times.
  6. Williams, Adam (5 December 2019). "Buy-to-let lender Landbay pulls the plug on its peer-to-peer platform". The Telegraph.
  7. Altfi Data, Liberum AltFi Volume Index UK
  8. "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  9. AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  10. Real Business, "50 of the most disruptive British businesses in 2015", by Hunter Ruthven, 5 March 2015
  11. "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  12. "The Financial Services Register - Landbay Partners Limited". register.fca.org.uk. Retrieved 29 April 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.