Mortgage marketplace lender Landbay to create 20 jobs after record quarter

Mortgage marketplace lender Landbay is creating jobs on the back of its best quarter to date.

The London-based company has passed £100m in mortgages funded, with £26.8m lent across 130 mortgages in the three months to April.

The firm said Q2 has already got off to a strong start, with £10.89m lent in April.

Founded four years ago, Landbay is now close to profitability and expects to break even in Q3.

The company has confirmed plans to take on 20 new staff by the summer – an increase of 70% on its current headcount.

Last month, the firm closed its sixth funding round, raising £1.75m from 239 investors.

Landbay’s CEO and founder, John Goodall, said: “The past four years have been a journey of expansion and development, but the last six months have been a real eye opener to what we can achieve as a company. After reaching the £100m lending milestone in March we have continued to gain momentum, and aim to be lending £30m a month before the year is out.

“Becoming a publicly listed company in the future remains our ultimate objective, but for now, we look forward to welcoming new team members who will all play key roles in helping us achieve sustained growth.”

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