Landbay to launch service to help landlords

Jessica Nangle

June 26, 2017

Landbay is to launch a comprehensive accounting, reporting and tax compliance service.

The service hopes to help landlords navigate and evolve within an ever-changing tax and regulatory landscape and will carry a fixed annual fee of £750.

This comes as demand grows from property investors who are looking to hold their properties within limited company special purpose vehicles (SPVs).

Landbay partners with Legal & General

Paul Brett (pictured), managing director of intermediaries of Landbay, said: “Landlords have been hit by a wave of tax and regulatory changes through 2016 and 2017, and brokers have had to upskill quickly to keep up.

“As a specialist lender, we want to make this transition as straightforward as possible for brokers and their customers, which is why this service is such an important one for us as a lender.”

Gray Stern, co-founder and chief commercial officer of Landbay, added: “The move into accounting services marks the first of a number of non-lending products and partnerships that Landbay will be introducing this year.”

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