Landbay has set up a portfolio underwriting team specifically to cater for professional landlords who own rental properties in a portfolio of between £2m and £15m.

The team of five experienced underwriters are used to dealing with large and complex buy-to-let cases and understand the requirements of portfolio landlords, the specialist buy-to-let lender said.

Landbay says that by working closely with brokers and their landlord clients, members of the team can concentrate on helping landlords by understanding their business plans and where they sit within their various markets.

James Cooper-Smith, team lead of the portfolio team, said: “The reception from the market to our portfolio team has been great. Professional landlords know their business, understand their local markets and who their competitors are. If we can tap into that it makes our assessments more accurate and we can tailor our underwriting accordingly.

“Since launching the team, we have seen an increase in landlords coming back to us, via their broker, to finance more properties. Building up relationships is positive for everyone involved, not just for us, but for the broker and landlord too.”