Landbay has made changes to its application process with the introduction of an instant Decision in Principle (DiP).
A Decision in Principle now takes two minutes and mortgage application to completion with Landbay now consists of nine steps, Landbay said.
In addition, Landbay is refreshing its product range. It will continue to lend up to 75% LTV and up to £1m to individuals and limited companies. It will lend across the whole range of mainstream and specialist cases including HMOs, SPV, MUFBs and other complex buy-to-let.
Paul Brett, managing director of intermediaries at Landbay, said, “We have spent many months designing and building our Decision in Principle and application process to be what we believe to be the best and most streamlined in the buy-to-let market. Brokers are the lifeblood of our business and so they were instrumental in the design of this, in order that we could deliver what they want in the way that they most need it.
“Our product range revamp is necessary to cope with ongoing market conditions and ensure that Landbay continues to be strong and steady in these challenging times. We believe in a hands-on approach to achieve the most appropriate outcome both for the broker and their client. Our aim is always to be the first port of call for specialist buy-to-let cases.”