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 December 2018 at 0.91% pa.
The total expected rate equals 3.25% 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. We typically only require a few days notice 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 of up to 25 years. Landbay will endeavour to complete all redemption requests within a few days, however, this is contingent on the availability of another investor, or investors, to transfer your loan parts to and therefore cannot be guaranteed. Read more here.

Complaints Procedure