Peer-to-peer lending platform Landbay has been granted full FCA authorisation and will launch its property-backed ISA in the new year.
The buy-to-let specialist investment platform is driven by peer to peer technology and backed by BTL property.
Landbay chief executive John Goodall says: “We are pleased to confirm that the FCA has granted Landbay its full authorisation for peer-to-peer lending.
“For the past 14 months we have worked hard, in collaboration with the regulator. As our industry continues to grow and mature, it is only right that regulation should evolve in line, and we welcome the detailed approach the regulator has taken throughout the process. This is a significant milestone for Landbay and we look forward to launching our property-backed ISA before the end of the tax year”.
Landbay launched three new buy-to-let products aimed at expats, professional landlords and those with HMOs in November ist broker partners are Atom, Brightstar, Complete FS, Connect Mortgages, Mortgages for Business, The Business Mortgage Company and The Buy to Let Business.