Landmark for Landbay as deal with Legal & General is revealed
It's a landmark day for Landbay as the specialist buy-to-let mortgage lender has announced a partnership with financial services giant Legal & General. And the new agreement paves the way for the launch of Landbay Insurance, a point-of-demand insurance
Paul Brett, Landbay MD, says the company is committed to providing its intermediary partners with simple ways to add value and generate additional revenue from each opportunity. He added: "This new service will offer our brokers, and in turn their clients, a great deal on their insurance. Meanwhile, we will leverage the latest insurtech innovations to generate quotes quickly and seamlessly, without the need for yet more paperwork when they apply for a Landbay mortgage.”
The solution will be delivered via insurtech company KASKO, enabling real-time quoting and underwriting of building, contents, tenant, and rent guarantee insurance. The quoting engine will be integrated with Landbay’s online application portal, providing a seamless experience. This is the latest in a suite of new non-lending products that Landbay is introducing this year, all part of the specialist lender’s ongoing commitment to deliver specialist advice and solutions.
Gray Stern, co-founder and chief operating officer at Landbay, said: “The tie up with Legal & General follows our recent agreement with a ‘Big 4’ firm to support Landbay Accounting and Tax Services. These new value-add services have been developed to enhance our specialist buy-to-let mortgage offering and help position us as an expert within UK buy-to-let.”
Meanwhile, Nick Suehr, co-founder and CEO at KASKO, said the company is modernising the insurance industry, adding: "We offer a middle layer between insurers and the digital world to make it easier for consumers to buy and for insurers to offer the right products. We are excited about working with Landbay and Legal & General to offer insurance at the point of demand. It shows the speed and flexibility of our platform and how the insurance world can be made simpler and better through technology."