New funding round for Landbay

Hi davee39, thanks for the feedback. It's good to hear your views on Landbay.

We believe that our offering is very different to that of the others that you have mentioned. We have had significant interest (and funds committed) from lenders and we have a strong pipeline of low-risk BTL mortgages that we are working through. We are only lending on income producing residential property to credit worthy landlords – i.e. Buy-to Let mortgages. Historical data shows that house prices and rents are significantly more stable than commercial property prices. For example average residential prices fell by 17% during 2007-2009, for commercial it was c.35% (obviously this is average data and so the spread on both was much greater)

The lowest lender rates on the platform are for loan parts at a maximum 60% Loan to Value. The way that we are structuring our loans into tranches means that individuals who want to lend on the higher risk parts of loans can earn 9-10%. However, we believe that Landbay will potentially be more appealing to risk averse lenders (and that may not include everyone on this forum).
We are well-funded, as well as a private seed round last week, the founders have injected significant capital into the business and we have built a strong team and advisory board that can build the business over the coming years.

Let us know if you have any other queries and we'd be happy to answer them.

We are currently in our beta launch and so for lenders decided to only open to UK residents. This is due to legal reasons and being able to carry out our KYC & AML checks. We are currently looking expand this to the EU.

At the moment users may sell on loan parts, if they are in need of liquidity, by contacting us and we will sell them on for them. But we are planning on introducing a public marketplace to sell on loan parts, which will be implemented later on this year.