The digital mortgage lender cited swelling inflows through its Innovative Finance Isa and growing institutional investment on the peer-to-peer lending side, combined with a broadened range of intermediary partners on the borrower side as the key drivers for this achievement.
With regards to recruitment, James Cooper-Smith and Joela Jenvey have both joined the lending team as senior lending officer and key account manager, respectively.
Wing Chan has been appointed to the wider team as operating manager.
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John Goodall, CEO and founder of Landbay, said: “Over the past four years, we have invested a lot of time and money into building a platform that we can be proud of.
“One that provides a competitive source of funding for professional landlords, a credible opportunity for investors and is able to scale quickly to meet growing demand for specialist buy-to-let lending.
“Like any fast-rising new entrant, we’ve experienced some growing pains along the way, but our track record speaks for itself and we now have all the building blocks in place to support continued expansion of the company.”
Since launching in 2014, Landbay has lent a total of £59.56m to professional landlords in the UK.
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