CFBUK adds Landbay to network
Landbay has joined the network panel of Commercial Finance Brokers UK (CFBUK).
CFBUK is a whole of market commercial finance broker, which provides its services to professional introducers through its relationship with several large residential mortgage broker networks
As part of the agreement, Landbay will provide mortgages for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) at rates associated with residential mortgages, according to CFBUK.
Members of CFBUK will also be able to access lower fees through Landbay.
In addition, CFBUK members will be able to offer their clients’ access to Landbay’s free title indemnity insurance, and utilise Landbay’s instant decision in principle and paperless end-to-end system.
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.”
Karl Mallett, managing director of Commercial Finance Brokers UK, added: “Service times are a real issue with many lenders at the moment – but not with Landbay.
“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.”