Landbay

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Landbay
Private
IndustryPeer-to-peer lending
Headquarters
Key people
John Goodall and Gray Stern
ProductsResidential buy-to-let mortgages
P2P lending
ServicesFinancial services
Websitelandbay.co.uk

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

Company overview[edit]

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.[9] Landbay is also a member of the Council of Mortgage Lenders.[citation needed]

Landbay is regulated by the FCA Financial Conduct Authority.[10]

Peer-to-Peer Lending[edit]

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.[11][12]

References[edit]

  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. ^ Altfi Data, Liberum AltFi Volume Index UK
  6. ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  7. ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015
  8. ^ Real Business, "50 of the most disruptive British businesses in 2015", by Hunter Ruthven, 5 March 2015
  9. ^ "Landbay secures $2.35m", TechCrunch, by Mike Butcher, 3 December 2014
  10. ^ "The Financial Services Register - Landbay Partners Limited". register.fca.org.uk. Retrieved 29 April 2019.
  11. ^ Mortgage Introducer, "Landbay appoints Robert Burgess", 26 February 2015
  12. ^ AltFi, "Landbay pushes for total transparency", by Ryan Weeks, 2 March 2015

External links[edit]