New partnership with Landbay gives brokers access to high street lender-funded BTL products
NatWest Group has formed a partnership with Landbay to launch limited company buy-to-let mortgage products, marking the bank’s entry into this segment of the market.
Through the agreement, NatWest Group will fund a range of buy-to-let mortgages aimed at professional landlords, with the products to be delivered under the Landbay brand.
The collaboration gives mortgage brokers access to a new suite of limited company buy-to-let products funded by a major high street lender, expanding options for their professional landlord clients, particularly those using special purpose vehicles (SPVs) for property investment.
By leveraging Landbay’s established lending platform and broker distribution network, the partnership also aims to provide efficient processing and more tailored solutions for brokers working to meet rising demand in the limited company buy-to-let sector.
“Today’s announcement is an important partnership for our Home Buying and Ownership business,” said Nigel Davey, head of buy to let, home buying and ownership at NatWest Group. “Landbay’s industry expertise and market agility enables fast access to the dynamic professional landlord sector.
“Professional landlords play a critical role in ensuring the ongoing supply of good quality housing stock. NatWest will fund a suite of buy-to-let mortgage products to professional landlords for the first time, delivered under the Landbay brand. This represents another step in our growth strategy which aims to make the home buying and ownership experience simpler for buyers and brokers.”
For John Goodall, chief executive of Landbay, the partnership deal is “great news” for intermediaries and their clients.
“It will help us broaden our offering to brokers and professional landlords – an important and growing segment of the buy-to-let market – providing them even greater choice,” he said. “We are really looking forward to partnering with NatWest Group.
“It’s been great working with Nigel and his team to get the deal off the ground and help them access this market. And it reinforces the reputation Landbay has for originating, underwriting and managing buy-to-let mortgages for other financial institutions. It will be a key driver of growth over the coming years.”
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