UK buy-to-let lender Landbay has joined the network panel of Commercial Finance Brokers UK (CFBUK).
CFBUK is a whole of market commercial finance broker providing its services to professional introducers through its relationship with several large residential mortgage broker networks.
Under this partnership, Landbay will provide mortgages for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) – which it said would be at rates usually only seen on residential mortgages.
Paul Brett, managing director of intermediaries, at Landbay, said: “With speed of the essence at the moment we are bringing our competitive range of buy-to-let mortgages to CFBUK, a brokerage and network that truly understands the need for tailored underwriting combined with speed to offer.
“CFBUK is an outstanding network for commercial finance and specialist and larger buy-to-let mortgages and we are pleased to provide our highly competitive range of products combined with low fees to its introducers and members.”
Through its FCA approved, ‘Dual Appointed Representative Proposition’, CFBUK has also established its own network of appointed representative commercial finance brokers.
Karl Mallett, managing director of commercial finance Brokers UK, said: “Service times are a real issue with many lenders at the moment – but not with Landbay.
“Its rates and service are exemplary, at the same time offering direct access to both its BDM team and its underwriters.
“Its rates are highly competitive and the flexibility it offers in terms of the broad range of buy-to-let properties it will lend on will be a real asset to our clients, introducers and network members.”
Landbay’s large HMO mortgages will be available for buildings with between six and 12 rooms.
The lender’s HMOs products are also available for student lets. It will also provide ‘day one buy-to-let remortgages’ for borrowers exiting a bridging loan.
CFBUK members will be able to offer their clients’ access to Landbay’s free title indemnity insurance.
This post has originally been featured in Property Wire.