Landbay, the specialist buy-to-let mortgage lender, has joined forces with financial services giant Legal & General to launch Landbay Insurance, a point-of-demand insurance service for buy-to-let landlords.
The new solution, which will be integrated with Landbay’s online application portal, will enable real-time quoting and underwriting of building, contents, tenant, and rent guarantee insurance.
Paul Brett, managing director Intermediaries at Landbay, commented: “Landbay is committed to providing its intermediary partners with simple ways to add value and generate additional revenue from each opportunity.
“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.”
Landbay Insurance will be delivered through technology firm KASKO, whose co-founder and chief executive Nick Suehr, said: “KASKO is modernising the insurance industry. 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.”
The introduction of Landbay Insurance follows on from the recent launch of an accounting, reporting and tax compliance service to help landlords with their tax and regulatory landscape.