Landbay Partners has joined SimplyBiz Mortgages’ lender panel.
All SimplyBiz Mortgages’ members now have to have direct access to Landbay’s buy-to-let range.
Landbay’s criteria covers a range of borrowers, from first time landlords, through to those with more experience and large portfolios. This includes opportunities in HMO (house in multiple occupation) or multi-unit-let (to 10 bedrooms/units) as well as those clients working through a Limited Company structure, whether SPV (Special Purpose Vehicle) or trading business. Additional criteria includes new build flats, expats, tenants who receive benefits and ASTs (Assured Shorthold Tenancy Agreements) up to 36 months.
Martin Reynolds (pictured), CEO of SimplyBiz Mortgages, said: “The buy-to-let market has seen many changes over the last few years, and the breadth of criteria now needed to adequately service clients has expanded. The addition of Landbay to our panel provides our members with increased opportunities to help their clients.
“The niche buy-to-let markets are still underserved, but Landbay is helping to increase choice.”
Paul Brett, managing director – intermediaries at Landbay, added: “I have known the team at SimplyBiz Mortgages for a number of years and their experience and desire to continually provide training and education to their members means we were a perfect fit.
“These elements, backed by their compliance proposition, meant launching via SimplyBiz Mortgages as a leading mortgage club was the natural choice.”