Landbay has introduced a quick quote tool for mortgage brokers on its intermediary website.

Brokers can now  get a quote from the online decision in principle (DIP) system. Customer information will be checked against Landbay’s lending criteria before presenting the broker with a list of suitable products. The product then allows the broker to download a quick quote, an indication of the cost of the product via an ESIS.

Users will have the option to convert the information they have shared into a full mortgage application. This will then produce a DIP within 48 hours, a conditional offer subject to valuation.

Paul Clampin, chief lending officer of Landbay, said: “This tool will provide brokers with a secure and intuitive way to source a quick and accurate mortgage quote on behalf of their buy-to-let clients. This is indicative of our commitment to the intermediary sector, speeding up the process and removing the need for endless paperwork.

“We know that speed, accessibility and flexibility are crucial for brokers and our position as a proptech lender means we have the technology in place to achieve this in our lending process.”