Your interest rate will track 3 month LIBOR plus 2.30%. The interest rate is not fixed; we will reset LIBOR on a quarterly basis on or around the 15th of the month before the quarter starts. LIBOR was last repriced on 15th September 2019 at 0.79%.
The total expected rate equals 3.13% annualised assuming auto reinvestment of all interest over a 1 year period.
You can redeem your loan parts at any time and at no cost, subject to Landbay being able to reallocate your loan parts to new investors. Our current secondary market estimates require a few weeks to facilitate Tracker Rate redemptions.
Landbay is fully FCA regulated but investors are not covered by the FSCS. Capital is therefore at risk. Please note that Landbay will match your lending to mortgages with terms up to 30 years. Landbay will endeavor to complete all redemption requests in a timely manner, however, this is contingent on the availablity of another investor, or investors, to transfer your loans parts to and therefore cannot be guaranteed. Read more here.

Important changes for our Retail Investors