How does Landbay make its money?

We charge borrowers upfront Application and Product fees (2.00% – 2.5%), which cover valuation, broker commission and trustee costs that we incur when establishing a new loan. Landbay takes a platform fee on the loan principal throughout the term, typically 0.50% – 1.00% pa of the total amount outstanding which is charged to the borrower. Landbay’s fees are competitive, fair and transparent.

Landbay does not charge any investment fees. However, fees do apply for any repairs or transfers out of Innovative Finance ISA accounts and for customers invested in the Fixed Rate product who wish to withdraw from the product before the end of the loan terms.

Please see our Innovative Finance ISA page and Fixed Rate fee details for more information.

 

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