NatWest is to supply restricted firm buy-to-let via a partnership with Landbay.
The ‘large 5’ financial institution will leverage specialist lender Landbay’s lending platform and dealer distribution community to enter the restricted firm market.
NatWest will fund the mortgage merchandise that shall be delivered underneath the Landbay model.
NatWest Group head of buy-to-let, house shopping for and possession Nigel Davey says: “Landbay’s business experience and market agility permits quick entry to the dynamic skilled landlord sector.
“Professional landlords play a vital function in making certain the continuing 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 easier for patrons and brokers.”
Landbay chief government John Goodall says: “This partnership deal is nice information for intermediaries and their purchasers: it should assist us broaden our offering to brokers and skilled landlords – an vital and rising section of the buy-to-let market– offering them even higher selection.
“We are actually trying ahead to partnering with NatWest Group. It’s been nice working with Nigel and his group to get the deal off the bottom and assist them entry this market. And it reinforces the repute Landbay has for originating, underwriting and managing buy-to-let mortgages for different monetary establishments. It shall be a key driver of development over the approaching years.”
