Landbay, a new peer to peer (P2P) platform that is raising capital on Seedrs, has easily surpassed their targeted equity crowdfunding raise of £41,456 for their EIS round. This is the third time Landbay has leveraged crowdfunding to raise capital. This most recent round, that is currently over-funding standing at over £95,000 today, was specifically for those interested in taking advantage of EIS tax abatements. This funding round was described as a continuation of their previous SEIS round.
Landbay is a platform that offers borrowers seeking a buy to let mortgage access to more competitive rates accompanied by a more efficient and faster process than banks. Correspondingly investors may benefit by capturing higher returns from low risk investments based off of residential property. All lending is secured by the property in questions with each deal being split into three different risk tiers to accommodate investor portfolio desires. According to the company’s web site investors may currently earn 3.5% to 10% returns by investing in their mortgages.
The company is also looking to enter into other markets such as leveraged crowdfunded property investments as the real estate industry benefits from this new type of capital formation.
Landbay is managed by CEO John Goodall and COO Gray Stern both possess extensive experience in the real estate financing industry.
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