Mortgage lending has been heavily cut back since the Global Financial Crisis, with governments enforcing strict capital requirements on banks in order to strengthen their balance sheets. Mortgages are an area of lending which the banks can retreat from very quickly by a) not offering new loans; and b) not renewing existing loans at the end of a term.
In many cases this is not a reflection of the underlying credit quality but merely an efficient way for the banks to reduce their loan books. This has presented significant opportunities for niche mortgage lenders like Landbay who are able to target credit‐worthy borrowers who are now not catered to by these traditional lenders. Landbay offers finance to professional, experienced landlords with quick, efficient service and a competitively priced offer.