We offer a solid return on your investment because we only lend to the pick of the mortgage market, statistically the safest asset class in UK peer‐to‐peer lending.

The 1st Peer-To-Peer Lender Invited To Join The CML

We are proud to announce that we are the first peer-to-peer lender to be invited to join the Council of Mortgage Lenders (CML) as a full member.

Full CML membership is a strong vindication of our platform’s lending proposition and is an example of how innovative fintech businesses are succeeding in becoming a fundamental part of the UK’s financial services sector.

Following on from our replacement of a high street bank as the major funder for the Keystone Buy-to-Let New Classic Range earlier this year, this achievement marks another milestone for Landbay.

As part of the CML, the UK mortgage lending market’s principle trade body, we will play a part in industry-wide decision making. This membership will also allow us to contribute to the wealth of data available to mortgage experts, and use this same data for benchmarking our lending and credit processes.

Expert mortgage lending professional Paul Clampin recently joined us from Paragon Group as our Chief Lending Officer, and alongside Paul’s extensive industry experience, the CML network will assist us in maintaining industry best practice in all elements of mortgage lending including compliance and conveyancing. We will use CML research when evolving our lending and risk management policies.

John Goodall, our CEO, comments; “While our business model is highly innovative, our approach to mortgage lending standards are founded upon industry expertise. The CML provides a fantastic network and resource for us to use in fortifying our lending processes as our lending picks up pace.”

CML members together account for 95% of the residential mortgage lending market and the industry body is an important source of consultation for the Government and Treasury on policy issues and changes. The CML also lobbies the government on mortgage industry issues.

Paul Clampin, our Chief Lending Officer, also comments; “We are looking forward to being involved in the effective work the CML conducts with the government. We are already doing this on the peer-to-peer side of our business via the P2PFA and we are excited to play a tangible role in the development of future changes to mortgage legislation.”

This marks yet another industry first for Landbay, as we were the first peer-to-peer lender to publish our full loan book online and recently subjected this to independent stress tests conducted to Bank of England criteria.

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