Landbay ups lending in 2019 after surge in funding

Buy-to-let mortgage lender Landbay has seen a 200% rise in lending volumes in 2019.

Landbay received £1bn of institutional funding agreement in summer, which accounted for 95% of new mortgages originated in the past 12 months.

John Goodall, founder and chief executive of Landbay, said: “Against a background of political and economic uncertainty, Landbay’s growth in 2019 is even more gratifying.

“It’s clear brokers value our service record alongside the experience of our team and our suite of buy-to-let products. We’re also delighted that we’ve been recognised in so many different award categories over the last 12 months.

“As a business we’re focused on continuing to evolve and develop our proposition. We’ve added significant numbers to our headcount which has helped to grow the business and we expect to keep on hiring well into 2020.

“Landbay is laser focused on 2020 as we exclusively partner with institutional investors to support the UK’s vital PRS.”

Since the start of 2019, Landbay has seen a 67% rise in staff numbers – prompting the firm to expand its central London headquarters.

The bulk of this increase sits in the underwriting and technology teams.