Landbay
Landbay logo | |
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 |
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
- ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3rd December 2014
- ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26th February 2015
- ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26th February 2015
- ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2nd March 2015
- ↑ Altfi Data, Liberum AltFi Volume Index UK
- ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3rd December 2014
- ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2nd March 2015
- ↑ Real Business, "50 of the most disruptive British businesses in 2015", by Hunter Ruthven, 5th March 2015
- ↑ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3rd December 2014
- ↑ Mortgage Introducer, "Landbay appoints Robert Burgess", 26th February 2015
- ↑ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2nd March 2015