Peer-to-peer lender ups game with buy to let mortgage expert in senior role

Peer-to-peer lender ups game with buy to let mortgage expert in senior role


Todays other news
Knight Frank, which founded OnTheMarket, has signed a three-year deal...
The former independent has three offices and manages over 700...
867,000 households headed by people aged 55+ are in the...
South East property group Beresford has secured sponsorship from Rightmove...


Landbay, a relatively new peer-to-peer lender focussed on the buy to let sector, has appointed a former senior figure from Paragon Mortgages to a senior role.

Paul Clampin was director of mortgage underwriting at Paragon and has also worked at Mortgage Trust.
 
It is the latest of a number of senior appointments made this year by Landbay, which has also sharpened its PR efforts and has created a rental sector index in a bid to heighten its profile. 

Clampin is described as having a major role to play “in overseeing the scaling up of Landbay’s underwriting capacity.”  

Landbay has recently become the first peer-to-peer platform to put its loan book through Bank of England standard stress testing. 

Landbay was launched with the plan of achieving a £1 billion loan book by 2018, but it has now upgraded its plans to achieve £1 billion in lending per year by 2018.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Items are wearing out 30% faster than before the pandemic,...
Average rental yields of 7.11% were achieved by landlords in...
UK letting agents must check tenants and landlords against official...
David Adams, managing director of Chester family agency Cavendish...
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
The removal of temporary rent controls may make buy-to-let more...
Recommended for you
Latest Features
Knight Frank, which founded OnTheMarket, has signed a three-year deal...
The former independent has three offices and manages over 700...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here