Specialist buy to let mortgage lender LandBay has teamed up with financial services giant Legal & General to provide a new insurance service aimed at the private rental sector.
The firms are working with an insurance technology company, KASKO, which enables real-time quoting and underwriting of building, contents, tenant, and rent guarantee insurance.
The quoting engine will be integrated with Landbay’s existing online application portal, providing brokers and their customers with a seamless experience.
“We will leverage the latest [insurance technology] innovations to generate quotes quickly and seamlessly, without the need for yet more paperwork when they apply for a Landbay mortgage” says Paul Brett of Landbay.
A spokesman for KASKO itself described the product as offering “a middle layer between insurers and the digital world to make it easier for consumers to buy and for insurers to offer the right products.”