Specialist buy-to-let (BTL) mortgage lender Landbay provided its first mortgage loan in 2014. Since then, after 6 years of originating circa £600 million of BTL mortgages, Landbay maintains industry leading low mortgage arrears and mortgage holiday levels.
In 2019, it closed its retail investment arm to focus solely on institutional funding on its marketplace platform. In the same year, Landbay signed a £1bn funding agreement and now has institutional mortgage funding partners including major international financial institutions who use capital markets, funds and PRA supervised retail banks.
These large and diverse funding arrangements coupled with Landbay’s focus on the specialist BTL market which is growing 20% per annum has seen the company record continued impressive growth. Data is core to the speed and accuracy with which Landbay operates, thus the company is using NetSuite to fuel its ambition.
“We run a lean operation, and it’s important that all departments are accountable to eliminate waste and be efficient. NetSuite provides us with the data and efficiency we require to ensure we don’t hit roadblocks in our growth.” Julian Cork, COO, Landbay