Landbay and Allica Bank launches partnership worth EUR 1.4 bln

Friday 19 March 2021 13:23 CET | News

Property-focused alternative lender Landbay and Allica Bank have launched a five-year partnership worth EUR 1.4 billion.

The deal will see EUR 278 million of residential buy-to-let mortgages originated by the former and funded by the latter.

Landbay has institutional funding arrangements via its marketplace model that includes banks, funds, and securitisation programmes. Landbay’s new deal with Allica Bank comes in addition to some funding deals secured over the past 12 months. 

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Keywords: banks, partnership, funding
Categories: Banking & Fintech
Countries: United Kingdom
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Banking & Fintech

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