Your simple rate of interest is 3.00% pa above LIBOR* (London Interbank Offered Rate). When LIBOR changes, your Tracker Rate changes too. *3–Month LIBOR, repriced on a quarterly basis. Last repriced on 15th September 2016 at 0.38% pa. The total expected rate equals 3.43%pa assuming auto reinvestment of all interest over a 1 year period.
Landbay believes in creating a more transparent financial services industry, the entire loan book is published online to view at any time.
View Landbay's loan book and statistics
Protecting your investment
The performance of UK buy-to-let mortgages has demonstrated resilience through economic cycles. During the 2008 Global Financial Crisis the rental market was largely unaffected by movements in residential house prices. Where house prices fell by 17.4%, buy-to-let mortgages continued to generate stable monthly income with negligible repossessions or defaults across the sector (source: Council of Mortgage Lenders).
Whilst the asset class is resilient and Landbay’s underwriting criteria rigorous, sometimes unforeseen circumstances can occur, and so they set aside a Reserve Fund to help protect your investment. The Reserve Fund operates on a discretionary basis and does not guarantee that a claim will be approved, nor that there will be sufficient funds available at any given time.
Landbay is authorised and regulated by the FCA; peer‐to‐peer lending is not covered by the FSCS. Your capital is at risk.