Landbay, a leading buy-to-let lender, has achieved 5,520% growth in revenue from 2016 to 2020, lending over £0.6 billion during that period.
The lender has been building momentum over the past three years, with 2020 marking the third year in a row it has featured on the Deloitte UK Fast 50 – one of the UK’s foremost technology awards programmes.
This month, Landbay also announced a major additional funding deal with a leading international asset manager worth £300 million a year.
The deal follows the bank funding deal that Landbay announced in July and the £1 billion funding deal it announced in mid-2019 – making it one of the most diversely funded buy-to-let lenders in the UK.
Landbay uses ‘cutting edge’ technology to streamline the lending process. Its origination process is all online via its bespoke platform and is 100% paperless with e-signatures and micro services.
The lender was Amazon Web Services’ first case study as the first 100% cloud-based firm to be fully FCA authorised.
Julian Cork, chief operating officer of Landbay, says: “The huge growth we’ve achieved is a testament to how hard our team has worked over the past four years and the excellent intermediaries we work with.”
“The key to our success is our scalable, technology-enabled and service-focused lending platform. We designed process and systems that means we can do things faster and more efficiently and crucially, provide a better experience for intermediaries and their clients.”
He concludes: “While the growth of Landbay is incredibly important, we also want to help change the shape of the whole buy-to-let industry providing intermediaries with a vision of what lending could and should look like.”