Paul Brett

Landbay joins Synergy Commercial Finance's network panel

Synergy Commercial Finance has added Landbay to its network panel.

All commercial broker members will now have access to the lender’s range of specialist BTL products at competitive rates.

This will enable them to cater for a variety of cases, including portfolio landlords, first-time landlords, HMOs, multi-unit freehold blocks (MUFBs), limited companies, and new-build properties.

A key benefit of the partnership is that Synergy’s members will be able to access Landbay’s BTL products for large HMOs at rates that are said to usually only be seen on residential mortgages.

Landbay’s large HMO mortgages are available for buildings which have between six and 12 rooms.

Synergy’s brokers will also benefit from Landbay’s instant decision in principle and free title indemnity insurance.

Paul Brett, managing director of intermediaries at Landbay (pictured above), said that the partnership would bring the lender’s products to a new group of specialist commercial brokers and their landlord clients. 

“The BTL market has bounced back strongly, and HMOs are in particular demand with record numbers of students and a rise in people wanting to live in shared houses as a result of lockdown.  

“Our specialist team will be on hand to help Synergy members to place even their most complex BTL cases, with our experienced underwriters able to provide maximum flexibility...”

Piotr Twaits, sales director at Synergy Commercial Finance, added: “Working with Landbay over the past three years, we have be very impressed with the professionalism, service and products that we, our brokers, and our clients have received.  

“Being able to offer large HMO mortgages at residential pricing will make HMO financing accessible to a wider number of landlords and investors. 

“These highly competitive rates are particularly useful at this point in time, when some landlords are using the stamp duty holiday to expand their portfolios.”

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