Landbay review

Landbay logo
4 star rating

What we like

What we don't like

Key facts

  • Landbay has a strong lending track record, no defaults in last 3 years
  • Simple products. Requires very little time to invest or manage funds on the platform
  • Landbay offers an ISA account, making it tax efficient for UK taxpayers
  • Experienced management team
  • Average LTV is low - under 70%, and secured on income producing rental properties
  • Low minimum investment amount
  • Investments are automatically diversified across many mortgages
  • Provision fund in place
  • There can be a delay for funds to be deployed as there is currently strong demand from investors
  • Interest rates are 3-4%. This is a reasonable return for the risk profile but some investors will have higher return targets
  • Loan types - UK 'Buy to Let' mortgages
  • Collaterals - UK residential real estate
  • Protection fund? - Yes
  • Autobid available? - Yes
  • Secondary market? - Yes
  • Is platform profitable? - No. However it has recently raised additional capital

Conclusions on Landbay

Landbay will never be the most exciting investment opportunity in the European P2P investment universe. Landbay does one thing - British 'Buy To Let' mortgages. Their management team have been doing it for a long time. They are good at it. Buy to let loans have performed well over the last 20 years, and this makes the market competitive. This limits the interest that Landbay can offer its investors. There are many P2P investors who don't want to lay awake at night worrying about their investment portfolio. Landbay caters perfectly to those investors. Many sophisticated investors will also split their portfolio into different risk categories and will be looking to allocate some of their funds to an investment with a lower risk profile.  Landbay could also have a very useful role in this context.

Special offer for new Landbay investors

Landbay is offering new investors who join via Explore P2P  a £50 sign up bonus. To qualify for this bonus simply follow the following steps:

1. Open an account with Landbay using the following link:

https://landbay.co.uk/r/2pescV6

2. Invest a minimum of £1,000 for a classic account or £5,000 for an ISA account

3. Landbay will then credit your account with the sign up bonus within 28 days

Full details, terms and conditions can be found on the Landbay website. 

Our legal page contains disclosures and the full terms and conditions of the use of the ExploreP2P site. 

Leave a Reply

Your email address will not be published. Required fields are marked *