#AltFi / Landbay secures mortgage funding from unnamed UK bank

Buy-to-let mortgage lending platform Landbay. announced a funding partnership with an unnamed UK bank. the move would help to further strengthen the platform’s institutional funding and allow it to launch new lending products.

Landbay last week upped its maximum loan size from £1m to £1.5m, increased its maximum loan to value, and slashed the rates on some of its products.

In December the lending platform cut ties with its retail investors following the closure of its peer-to-peer market in order to focus exclusively on institutional funding.