Tomorrow sees the public launch of Landbay, a new peer-to-peer (P2P) finance option for the UK savers and investors.
The only P2P platform where lending is exclusively for buy-to-let mortgages on UK residential property, and with a minimum investment of £100, Landbay’s founders believe they are ‘democratising investment’.
According to the firm, Landbay has deliberately stayed away from the traditionally riskier commercial property, bridging loan and property developer markets to achieve a uniquely low risk approach.
John Goodall, cofounder and CEO of Landbay said: “Landbay is an important new innovation that will open the door to a much broader cross section of the public to the attractive returns available from investment in Britain’s residential buy-to-let market, a sector that was worth £21 billion in new lending last year alone.”
“The peer to peer finance sector is booming in the UK, having just passed the £1 billion mark. It is great to see Britain genuinely leading the world in unlocking the huge benefits for the consumer of this breath of fresh air in finance.”
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