Landbay

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Landbay
Company typePrivate
IndustryPeer-to-peer lending
Founded29 August 2013 Edit this on Wikidata
Headquarters
Key people
John Goodall and Gray Stern
ProductsResidential buy-to-let mortgages
P2P lending
ServicesFinancial services
Revenue16,869,260 Euro (2021) Edit this on Wikidata
Number of employees
125 (2021) Edit this on Wikidata
Websitelandbay.co.uk

Landbay is a company that facilitates peer-to-peer lending platform for residential buy-to-let mortgages.[1][2]

Company overview

Landbay runs an online peer-to-peer lending platform where investors can 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. [3][4] 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.[5][6]

As at February 2015 Landbay is the fastest growing peer-to-peer platform in the United Kingdom[7] and as of March 2015 the business was lending £2m per month.

The company was founded by John Goodall and Gray Stern.[8][9]

In March 2015 the business was named in the Everline Future 50 as one of the most disruptive startups in the UK.[10]

Landbay is a member of the P2P Finance Association.[11] Landbay is also a member of the Council of Mortgage Lenders.[citation needed]

Landbay is regulated by the FCA Financial Conduct Authority.[12]

References

  1. ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  2. ^ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  3. ^ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  4. ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  5. ^ Megaw, Nicholas (5 December 2019). "Peer-to-peer lending platform Landbay shuts doors to retail investors". The Financial Times.
  6. ^ Williams, Adam (5 December 2019). "Buy-to-let lender Landbay pulls the plug on its peer-to-peer platform". The Telegraph.
  7. ^ Altfi Data, Liberum AltFi Volume Index UK
  8. ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  9. ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  10. ^ Real Business, "50 of the most disruptive British businesses in 2015", by Hunter Ruthven, 5 March 2015
  11. ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  12. ^ "The Financial Services Register - Landbay Partners Limited". register.fca.org.uk. Retrieved 29 April 2019.

External links