UK-based Landbay teams up with Primis Mortgage Network
By Megha Bhattacharya
UK-based buy-to-let lender Landbay today announced a partnership with Primis Mortgage Network. The partnership will allow Primis’ brokers and their landlord clients to access Landbay’s range of both mainstream and specialist buy-to-let mortgage products through its online intermediary portal and benefit from Landbay’s two-minute decision in principle (DiP).
Paul Brett, managing director of Intermediaries at Landbay, said, “A partnership between Landbay and Primis will benefit all Primis brokers who deal with specialist buy-to-let – particularly during this time of the stamp duty holiday. Borrowing from Landbay has been designed to be better, faster and more intuitive. We have combined cutting-edge technology with the human touch in the form of direct access to a highly experienced team who knows the market inside out.
“This partnership with one of the UK’s largest and most prestigious networks shows that Landbay is increasingly the go-to lender for brokers with clients who are buy-to-let landlords and investors. Our specialist sales and marketing team ensures the process of submitting a DiP, the first applications and the case through to completion is a smooth one, both for new brokers and those that have worked with Landbay before. We look forward to supporting Primis’ members with a service that is second to none.”
According to Primis, its broker members will be able to leverage Landbay’s specialist buy-to-let mortgages. This will enable them to cater for a wide range of cases, including portfolio landlords, first-time landlords, HMOs, MUFBs, Day one remortgages, limited companies and new build properties.
Recently, Landbay announced the launch of a new funding partnership with a UK bank. The company stated that the deposit-taking bank will be funding mortgages originated by Landbay and will hold them on their balance sheet.
Toni Smith, chief operating officer at Primis Mortgage Network, commented, “At Primis, we aim to offer our intermediaries market-leading benefits and unique solutions to ensure they receive a world-class service. Introducing Landbay to our lender panel is a fantastic way to give our members access to expert, competitive and innovative products combined with cutting-edge technology. This will help them to process applications more quickly and keep abreast of what is happening with their clients’ cases. The buy-to-let landscape is getting ever more complex, and we are continually striving to meet the evolving demands of our clients – Landbay is a fantastic partner to help us meet that goal.”
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