Industry Peer-to-peer lending Website landbay.co.uk Founded 2013 | ||
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Key people John Goodall and Gray Stern Products Residential buy-to-let mortgagesP2P lending | ||
Landbay is a peer-to-peer lending platform for residential buy-to-let mortgages.
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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.
As at February 2015 Landbay is the fastest growing peer-to-peer platform in the United Kingdom and as of March 2015 the business was lending £2m per month.
The company was founded by John Goodall and Gray Stern.
In March 2015 the business was named in the Everline Future 50 as one of the most disruptive startups in the UK.
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. 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.