NatWest is to offer limited company buy-to-let by a partnership with Landbay.
The ‘huge 5’ financial institution will leverage specialist lender Landbay’s lending platform and dealer distribution community to enter the limited company market.
NatWest will fund the mortgage merchandise that can be delivered beneath the Landbay model.
NatWest Group head of buy-to-let, residence shopping for and possession Nigel Davey says: “Landbay’s trade experience and market agility allows quick entry to the dynamic skilled landlord sector.
“Professional landlords play a crucial function in making certain the continued provide of fine high quality housing inventory.
“This represents one other step in our development technique which goals to make the house shopping for and possession expertise less complicated for consumers and brokers.”
Landbay chief govt John Goodall says: “This partnership deal is nice information for intermediaries and their shoppers: it should assist us broaden our providing to brokers {and professional} landlords – an vital and rising section of the buy-to-let market– offering them even better selection.
“We are actually trying ahead to partnering with NatWest Group. It’s been nice working with Nigel and his workforce to get the deal off the bottom and assist them entry this market. And it reinforces the popularity Landbay has for originating, underwriting and managing buy-to-let mortgages for different monetary establishments. It can be a key driver of development over the approaching years.”
Landbay launched a variety of ‘summer season particular’ buy-to-let merchandise final week.
