NatWest has announced a new partnership with fintech platform for buy-to-let (BTL) mortgages, Landbay.

The agreement will see NatWest enter the limited company BTL mortgage market, leveraging Landbay’s lending platform and its broker distribution network.

NatWest said it would fund a suite of BTL mortgage products to professional landlords for the first time, delivered under the Landbay brand.

The group said that the partnership represents another step in its growth strategy, which aims to make the home buying and ownership experience simpler for buyers and brokers.

Head of BTL, home buying and ownership at NatWest, Nigel Davey, said: "Today’s announcement is an important partnership for our home buying and ownership business. Landbay’s industry expertise and market agility enables fast access to the dynamic professional landlord sector."

Chief executive at Landbay, John Goodall, added: "This partnership deal is great news for intermediaries and their clients: it will help us broaden our offering to brokers and professional landlords – an important and growing segment of the BTL market – providing them even greater choice.

"We are really looking forward to partnering with NatWest. It’s been great working with Davey and his team to get the deal off the ground and help them access this market. And it reinforces the reputation Landbay has for originating, underwriting and managing buy-to-let mortgages for other financial institutions. It will be a key driver of growth over the coming years."

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