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).

Positive Lending and Landbay sign distribution deal

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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