Landbay launches buy-to-let calculator
UK buy-to-let lender Landbay has today launched an buy-to-let calculator that is unique to each specific Landbay product and client. This means intermediaries can advise their clients on the costs of taking out a Landbay buy-to-let mortgage with a greater deal of accuracy.
The new innovative calculator is intuitive and easy to use. It factors in the specific product, taking into account the type of property and whether the client is an individual or limited company, and within seconds, gives the interest cover ratio (ICR). The intermediary then has the option to submit for a decision in principle.
Landbay is constantly evolving its customer journey to make it as smooth and seamless as possible. As a lender that prides itself on developing cutting edge technology, the team has worked collaboratively with intermediaries to enhance processes wherever possible. These developments are designed to give intermediaries all the tools they need to ensure swift and efficient interactions.
Paul Brett, managing director of intermediaries at Landbay, says: “Our intermediary partners and their satisfaction are vital to the continued success of our business. If they are not happy, we are not happy, and that is demonstrated by our excellent Trust Pilot rating. More and more intermediaries are using Landbay for the first time and so adding in a highly intuitive, product specific buy-to-let calculator, helps improve their experience.
”Key to our constant development is our constant communication with intermediaries. By talking to them and understanding their requirements, we can provide the best service possible. We strive to provide better ways to buy-to-let, so we are constantly developing complex tech solutions to make intermediaries experience as simple as possible.”
Landbay has funding for its buy-to-let mortgages from multiple different bank and institutional funding sources. It recently reached number six on the Deloitte UK Fast 50 due to a 5,500 per cent growth in turnover over the past four years. Landbay was the top ranked mortgage lender and is listed as the third fastest growing FinTech business on the list.