In Q1 2018, the specialist mortgage marketplace lender funded 130 mortgages and lent a total of £26.8m, with 50% of these cases completed in March.

Landbay recently surpassed £100m of mortgages funded to date with zero arrears.

This record quarter – and a strong start to Q2, which saw Landbay lend a record £10.89m in April – takes Landbay’s total lending volume to £120m.

Follow the Q1 figures, Landbay has revealed plans to substantially grow its team over the coming months.

•   Landbay closes sixth investment round on Seedrs
•   P2PFA members approach £9bn lending mark
•   Andy Murray backs Landbay and Investly

The specialist lender has already made four new hires across its technology, marketing and sales team and will be moving offices this week to cater for the expanding team.

“The past four years have been a journey of expansion and development, but the last six months have been a real eye-opener to what we can achieve as a company,” said John Goodall, CEO and founder at Landbay (pictured above).

“After reaching the £100m lending milestone in March, we have continued to gain momentum and aim to be lending £30m a month before the year is out.

“Becoming a publicly listed company in the future remains our ultimate objective, but for now, we look forward to welcoming new team members who will all play key roles in helping us achieve sustained growth.”