Landbay refreshes application process and product range

Jessica Nangle

March 23, 2020

Landbay has made improvements to its application process with the introduction of an instant DIP which uses technology in line with the whole paperless application process.

Landbay used broker focus groups to test the system and recommend changes.

The brokers also decided the order and flow that they thought the application process should go through.

In addition, Landbay is refreshing its product range as all lenders saw a change in the cost of funds in the past week.

Landbay will continue to lend up to 75% LTV and up to £1m to individuals and limited companies.

Paul Brett (pictured), managing director of intermediaries at Landbay, said: “We have spent many months designing and building our DIP and application process to be what we believe to be the best and most streamlined in the buy-to-let market.

“Brokers are the lifeblood of our business and so they were instrumental in the design of this, in order that we could deliver what they want in the way that they most need it.

“Our product range revamp is necessary to cope with ongoing market conditions and ensure that Landbay continues to be strong and steady in these challenging times.

“We believe in a hands-on approach to achieve the most appropriate outcome both for the broker and their client.

“Our aim is always to be the first port of call for specialist buy-to-let cases.”

Landbay has also been allowing its staff to work from home to effectively deal with the risks posed by the coronavirus which they say has been successful thanks to its reliance on technology.

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