The LOOP module enables lenders to instantly and remotely check the suitability of each property for which a new mortgage application is received. It is effectively a ‘digital D.I.P.’ on the property. Based simply on the address, the mortgage amount and proposed deposit, each property is instantly screened against Lending Rules, LTV Criteria and Title Deed Issues. Typically, 90-95% pass this initial suitability check, with 5-10% being rejected and 'looped' back to the broker/applicant. The LOOP module therefore stops lenders wasting time and money processing mortgage applications and investing in physical surveys and valuations for properties that will be declined at a later stage.

The WATCH module is a service which monitors all or part of a lender’s mortgage portfolio through the full credit lifecycle, from the acceptance of the mortgage offer through to securitisation. The lender simply provides the addresses or Title numbers for the properties to be monitored. We then provide a full initial data enrichment of each property to the lender to provide them with deep, current, actionable risk insights. Each property is then constantly monitored, with live alerts of any changes to the property or its surroundings which may have an impact on value or risk are provided to the lender. Factors monitored, including flood, subsidence, local planning, market movement, property valuation, Title amendments, climate, environmental, EPC changes, building cladding, and changes to local infrastructure or nearby commercial premises.

Landbay is a specialist buy-to-let mortgage lender. Its platform is designed to offer a seamless experience from application to approval.

Challenge: Minimise risk and make informed decisions faster for buy-to-let mortgage applications.

Solution: Landbay integrates PriceHubble’s comprehensive and accurate property data solutions.

Results
→ Significantly accelerated the underwriting process
→ Enhanced data accuracy and efficiency in decision-making
→ Improved customer experience by reducing processing times