The specialist buy-to-let mortgage lender will work with insurtech company KASKO to deliver the new product Landbay Insurance, which will enable real-time quoting and underwriting of building, contents, tenant and rent guarantee insurance.
The quoting engine will be integrated with Landbay’s online application portal, which will provide brokers and their customers with a seamless experience.
This is the latest in a suite of new non-lending products that Landbay is introducing this year.
- Landbay to offer new accounting and tax compliance service
- Landbay introduces retention proc fees
- Landbay: Landlords bracing themselves for further margin cuts
Paul Brett, managing director of Intermediaries at Landbay, said: “Landbay is committed to providing its intermediary partners with simple ways to add value and generate additional revenue from each opportunity.
“This new service will offer our brokers – and in turn their clients – a great deal on their insurance.
“Meanwhile, we will leverage the latest insurtech innovations to generate quotes quickly and seamlessly, without the need for yet more paperwork when they apply for a Landbay mortgage.”
Gray Stern, co-founder and CCO at Landbay, added: “The tie-up with Legal & General follows our recent agreement with a ‘Big 4’ firm to support Landbay accounting and tax services.
“These new value-add services have been developed to enhance our specialist buy-to-let mortgage offering and help position us as an expert within UK buy-to-let.”
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