Landbay exceeds 5,500% growth in revenue
23 November 2020
Landbay, one of the UK’s leading buy-to-let lenders, has achieved 5,520% growth in revenue from 2016 to 2020, lending over £0.6bn during that period. This massive growth has landed Landbay at number six in the Deloitte UK Fast 50. Landbay is the top ranked mortgage lender and is listed as the third fastest growing FinTech business in the country.
Over the past three years Landbay has been building momentum with 2020 marking the third year in a row it has featured on the UK Fast 50. Reaching number 20 in 2018, number 28 in 2019 and now number 6 in 2020.
The Deloitte UK Fast 50 is one of the UK's foremost technology awards programmes. The ranking is based on revenue growth over the last four years and recognises the 50 fastest-growing technology companies in the UK. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Reaching the top ten in the Deloitte UK Fast 50 is a major achievement and shows Landbay clearly outstripping the rest of the buy-to-let market in terms of growth.
Last week Landbay also announced a major additional funding deal with a leading international asset manager worth £300m a year which will enable it to expand its lending further still. This deal is in addition to the bank funding deal that Landbay announced in July and the £1bn funding deal it announced in mid-2019. This makes Landbay one of the most diversely funded buy-to-let lenders in the UK, with funds from an investment bank sponsored securitisation programme, as well as from deposit taking banks.
Landbay has ambitions not only to increase lending but to also change the way that buy-to-let lending is carried out. It uses cutting edge technology to streamline the lending process. Landbay’s origination process is all online via its bespoke platform and is 100% paperless with e-signatures and micro services. Landbay’s process is all cloud-based and scalable, allowing it to turnaround every enquiry in under 72 hours, significantly faster than many of its competitors, while still offering highly attractive pricing.
Landbay was Amazon Web Services’ first case study as the first 100% cloud-based firm to be fully FCA authorised. Despite this online approach, Landbay still provides a bespoke, flexible service with personal interaction with clients and intermediaries.
Julian Cork, COO of Landbay, said, “The huge growth we’ve achieved is a testament to how hard our team has worked over the past four years and the excellent intermediaries we work with. We set out to become the leading customer services company designing better ways to buy-to-let and this recognition from Deloitte shows we are well on the way to achieving this.
“The key to our success is our scalable, technology enabled and service-focused lending platform. We designed process and systems that means we can do things faster and more efficiently and crucially, provide a better experience for intermediaries and their clients.
“While the growth of Landbay is incredibly important, we also want to help change the shape of the whole buy-to-let industry providing intermediaries with a vision of what lending could and should look like.”
The Deloitte UK Technology Fast 50 is part of an international programme run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
Brokers can visit the website at: Landbay.co.uk or phone: 0207 096 2700
