Brilliant Solutions has partnered with peer-to-peer mortgage lender Landbay, to provide mortgage brokers and their professional landlord clients with access to specialist lending products.
Landbay will join Brilliant Solutions’ lender panel to help their brokers service their professional buy-to-let landlord clients with bespoke mortgage offers, including products for HMOs, Multiple Units in Freehold Blocks and for expat borrowers.
Brilliant Solutions’ brokers will be able to access Landbay’s new online intermediary portal which includes features such as case tracking and a property portfolio key. This allows brokers to enter detailed analysis of total rental cover and existing mortgage risk of a professional landlord’s full portfolio in advance of the industry change to requirements due in September. Once brokers have completed the online application process, Landbay issues an Offer in Principle within 48 hours and regularly completes loans within 21 days.
Paul Clampin, chief lending officer at Landbay, said: “We are delighted to have joined the Brilliant Solutions panel following the recent launch of our online intermediary portal last month and our full FCA regulation at the end of last year.
“Brilliant Solutions offers access to a strong network of brokers across England and Wales, and their typical customer profile is a perfect match for the professional landlords we are targeting.”
Matthew Arena, managing director of Brilliant Solutions, added: “Landbay are a great addition to our panel of lenders, their unique business model and focus on such an important niche in the buy-to-let mortgage market make them of great value to our brokers and their professional landlord clients alike.
“We are looking forward to this new partnership which will be particularly important as the buy-to-let landscape changes in 2017 and beyond.”
