Landbay has released an intermediary update. Check their Product Guide or Lending Criteria for further details or visit their Broker Portal. You can access Landbay products, using the Brilliant Solutions direct to lender mortgage club and receive payment on completion. Contact us for further information.
Product Changes
Landbay will be increasing the pricing on our 5-year Fixed Small HMO/MUFB & Trading Company products.
Current products will be withdrawn at midnight tonight but as always, anybody with a DIP will have until midnight on Tuesday to submit the FMA and keep the lower rate.
Streamlined identity verification process
We are excited to announce a significant improvement to our application process. Starting today, we are implementing automated identity checks as an integral part of our application procedure.
Here’s what you need to know
Streamlined Identity Verification
All applicants must complete a simple identity verification process using their mobile phone. Upon submission of their application, they will receive an email and a text message with instructions on how to proceed. To complete this process, they must have their identity document (passport or driving licence) readily available.
No more identity document uploads
With this enhancement, there will be no need to upload identity documents during the application process.
One-time verification for portfolio cases
We will securely store and reuse the identity documents provided during the initial check for portfolio cases. Applicants won’t need to complete the identity check process for multiple applications repeatedly.
Reduced Risk of Impersonation Fraud
Implementing automated identity checks reduces the risk of impersonation fraud for your applicants and Landbay.
Moving forward, we cannot accept scanned identity documents if they are uploaded. All applicants must complete the identity check process using their mobile phones.
If you or your clients have questions or need additional information, please take a look at our FAQs or see our step-by-step guide here.
If you have any other questions or need help, please do not hesitate to contact your local BDM.