Landbay
 | A major contributor to this article appears to have a close connection with its subject. (June 2015) |
 | |
| Company type | Private |
|---|---|
| Industry | Mortgage Marketplace |
| Founded | 29 August 2013  |
| Headquarters | |
Key people | John Goodall, Julian Cork, Paul Clampin, Paul Brett |
| Products | Residential buy-to-let mortgages |
| Services | Financial services |
| Revenue | 16,869,260 Euro (2021) |
Number of employees | 125 (2021) |
| Website | landbay |
Landbay is a UK Financial technology company that operates a mortgage lending platform to allow institutions to fund residential mortgages[1] in a ‘Mortgage-as-a-Service’ construct.
Company overview
[edit]Landbay was originally launched in 2014 as an online peer-to-peer lending platform enabling investors to 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. [2][3] 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 and has since been institutionally funded only.[4][5]
As of November 2021 Landbay had completed over £1B of mortgages and continues to invest in the mortgage funding, technology, underwriting and operational capacity to grow significantly in this £250bn market. Landbay has a broad funding base with Retail Banks, Investment Banks and Asset Managers resulting in strong diversification with loans funded via securitisation capital markets and via bank deposits.[6][7][8] Landbay has whole of market intermediary coverage with the major broker networks & clubs partnering with them.[9]
Landbay has also won multiple awards including Best BTL Lender for the last 4 years running at the Mortgage Introducer Awards.[10] Landbay has also been named in the Deloitte Technology Fast 50 for the last 3 years [11] are in the Technation's Future Fifty 2020 cohort [12] and in 2021 Landbay was listed as Europe's 11th fastest growing company in the FT1000 annual report [13]
In December 2021 Landbay joined Technation's Tech Zero initiative.[14]
In January 2022 Landbay achieved certification becoming Carbon Neutral having measured scope 1,2 & 3 emissions and offset the resultant CO2E via the Climate Fund™ Portfolio of certified carbon reduction projects around the world.[15][16]
The company was founded by John Goodall and Gray Stern,[17][18] who appointed a specialist product development studio Innovify,[19] founded by Maulik Sailor, whom John met whilst pursuing his MBA programme from Imperial College Business School, to develop their initial product.
Landbay is regulated by the FCA Financial Conduct Authority.[20]
References
[edit]- ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
- ^ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
- ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
- ^ Megaw, Nicholas (5 December 2019). "Peer-to-peer lending platform Landbay shuts doors to retail investors". The Financial Times.
- ^ Williams, Adam (5 December 2019). "Buy-to-let lender Landbay pulls the plug on its peer-to-peer platform". The Telegraph.
- ^ "Landbay secures £1billion of funding from Allica Bank".
- ^ "Landbay inks £500m deal with Atom Bank". 5 November 2021.
- ^ "New Issue: Canada Square Funding 2021-1 PLC | S&P Global Ratings".
- ^ "Landbay teams up with Primis Mortgage Network". 12 October 2020.
- ^ "Winners – Mortgage Introducer Awards".
- ^ "2020 winners".
- ^ "Announcing: The UK companies joining Future Fifty 8.0". 17 March 2020.
- ^ Kelly, Maxine (2 March 2021). "FT 1000: The fifth annual list of Europe's fastest-growing companies". Financial Times.
- ^ "TechZero".
- ^ "Landbay Gains Carbon Neutral Status". 12 January 2022.
- ^ "Landbay Gains Carbon Neutral Status".
- ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
- ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
- ^ "Property Backed Investments". Innovify. Retrieved 29 July 2024.
- ^ "The Financial Services Register – Landbay Partners Limited". register.fca.org.uk. Retrieved 29 April 2019.