John Goodall

Landbay secures £1bn from institutional investor to bolster mortgage lending

Landbay has secured £1bn of funding from an institutional investor to bolster its mortgage lending capabilities.

The funding will support the specialist lender’s plans to grow its BTL loan book as it seeks to further boost its share of the market.

Over the last 12 months, Landbay has seen lending volumes rise by 200%, while its headcount has doubled.

“Given the current political and economic situation, this funding is a huge vote of confidence in both the UK’s private rental sector and Landbay itself,” said John Goodall, CEO at Landbay (pictured above).

“Demand for high-quality rental properties is high and unlikely to slow down any time soon. 

“The reality is that many tenants are keen to distance themselves from the hassle and cost of home ownership.

“In fact, we know that renting is increasingly seen as a lifestyle choice rather than the default option.

“Landlords are vital for the UK’s economy, and this sizeable injection of capital will allow us to support even more of them and their brokers.”

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