Buy-to-let lender Landbay takes the wellbeing of its staff very seriously and has introduced a miscarriage leave policy for women who lose their babies during pregnancy.
Only a few firms have this type of policy in place, and those who do usually allow two weeks miscarriage leave. Landbay has taken this a step further. In a first for UK businesses, Landbay will allow women up to six weeks fully paid leave if they suffer a miscarriage.
The leave is in increments, if a loss is experienced in the first 12 weeks of pregnancy, when most miscarriages happen, women can take two weeks leave.
If the loss is between 12 and 20 weeks of pregnancy, the time off goes up to four weeks. For 20 to 24 weeks, the leave is up to six weeks.
Above 24 weeks the baby is classed as stillborn and women are legally entitled to full maternity leave.
In addition, partners will be able to take two weeks’ leave to support their loved one. If the loss is after 24 weeks, they can take up to four weeks of paid leave.
Naomi Braisby, Human Resources Director at Landbay, said: “Imperial College London estimates there are 250,000 miscarriages in the UK every year and one in six women suffer from long-term stress as a result.
“I want to ensure we are doing the best for our staff, to let them know they are supported and take away the stress of uncertainty or potentially distressing conversations in the workplace. Being able to take up to six weeks off, without any questions asked, will, we hope, be one less burden for women at such a traumatic time.”
In addition to this, Landbay offers mental health support through an Employee Assistance Programme and multiple mental health first aiders are deployed across the business.
Established in 2014, Landbay is a multi-award-winning lending platform for prime residential buy-to-let mortgages, with funds originating from institutional investors.
Landbay was recently announced at number six in Deloitte’s Fast50 of the fastest growing technology companies in the UK and number 11 in the FT1000 – the Financial Times’ annual list of the fastest growing European companies.
Landbay is an FCA regulated company, a member of UK Finance and is based in London (UK).