Buy-to-let mortgage provider Landbay has formed a partnership with Legal & General, paving the way for the launch of Landbay Insurance, a point-of-demand insurance service for buy-to-let landlords.
The service will be delivered via insurtech company Kasko, enabling real-time quoting and underwriting of building, contents, tenant, and rent guarantee insurance. The quoting engine will be integrated with Landbay’s online application portal.
Paul Brett, managing director, intermediaries, at Landbay, said: “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.”
Gray Stern, co-founder and chief operating officer at Landbay, said: “The tie up with Legal & General follows our recent agreement with a Big-Four firm to support Landbay Accounting and Tax Services. These new value-add services have been developed to enhance our specialist buy-to-let mortgage offering and help position us as an expert within UK buy-to-let.”
Nick Suehr, co-founder and chief executive at Kasko, 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.”
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