Landbay launches new broker quick quote mortgage tool

By Bridging Loan Directory 17th May 2017

Landbay, the buy-to-let specialist, has today launched a quick quote tool for mortgage brokers on its dedicated intermediary website.

Brokers will now be able to get a quick and easy quote from the online decision in principle (DIP) system. Customer information will be checked against Landbay’s lending criteria before presenting the broker with a list of suitable products. The product then allows the broker to download a quick quote, an indication of the cost of the product via an ESIS.

Users will have the option to convert the information they have shared into a full mortgage application. This will then produce a DIP within 48 hours, a conditional offer subject to valuation.

Paul Clampin, pictured, Chief Lending Officer of Landbay said:

“This tool will provide brokers with a secure and intuitive way to source a quick and accurate mortgage quote on behalf of their buy-to-let clients. This is indicative of our commitment to the intermediary sector, speeding up the process and removing the need for endless paperwork.

“We know that speed, accessibility and flexibility are crucial for brokers and our position as a proptech lender means we have the technology in place to achieve this in our lending process.”

Landbay’s intermediary website launched in January and provides brokers with a dynamic and interactive listing of all Landbay’s products. The site also provides full applicant, property and borrower criteria and allows intermediaries to apply via the online application.