Landbay has set up a new portfolio underwriting team to cater specifically for professional landlords who own rental properties in a portfolio of between £2m and £15m.
The specialist buy-to-let (BTL) lender’s team of five underwriters are all experienced in dealing with large and complex BTL cases.
Established in 2014, Landbay is a lending platform for prime residential BTL mortgages, with funds originating from institutional investors.
Working closely with brokers and their landlord clients, the lender suggested that members of its new team will be able to concentrate on helping landlords by understanding their business plans and where they sit within their markets.
Team lead of the portfolio team, James Cooper-Smith, commented: “The reception from the market to our portfolio team has been great. Professional landlords know their business, understand their local markets and who their competitors are. If we can tap into that it makes our assessments more accurate and we can tailor our underwriting accordingly.
“Since launching the team, we have seen an increase in landlords coming back to us, via their broker, to finance more properties. Building up relationships is positive for everyone involved, not just for us, but for the broker and landlord too.”
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