Landbay Strikes “Proptech” Partnership

Nascent peer-to-peer lending platform Landbay has partnered up with My Home Move.

My Home Move is a leading provider of mover conveyancing services. The company’s mission is to use technology to streamline the burdensome legal process that goes hand in hand with the buying, selling or remortgaging of a home – through an online case management service called eWay. My Home Move helped close to 50,000 customers in 2015.

The company has now joined Landbay’s panel of conveyancing firms, and will play an important role in executing the rigorous legal checks to which new all new mortgage listings on the platform are subjected. Landbay representatives have intimated that the partnership will serve to quicken the process of accessing a mortgage, and to keep borrower fees low. The tie-up feels somewhat similar to the union of MarketInvoice and Sage; two technology outfits joining forces in order to enable swifter and less cumbersome transactions.

Paul Clampin, Chief Lending Offier of Landbay, commented:

“My Home Move’s appointment is another of the steps we are taking to streamline our processes as our lending capability continues to scale. The synergy between Landbay and My Home Move is clear; we share the philosophy of leveraging technology to disrupt the mortgage market, offering borrowers an experience that is more efficient in terms of cost, time and service.”

Dev Malle, Group Sales Director at My Home Move, also weighed in:  

“Landbay has an exciting, technology based proposition which has a consumer focused edge. Our eWay system fits perfectly with their proposition and our understanding and partnership in the broker market fits perfectly with their distribution strategy. We look forward to working with them, their brokers and their customers to assist their continued growth.”