Landbay has been granted full authorisation from the FCA for peer-to-peer lending, paving the way for the launch of its Innovative Finance ISA in the New Year.
CEO and co-founder, John Goodall, said: “We are pleased to confirm that the FCA has granted Landbay its full authorisation for peer-to-peer lending.
“For the past 14 months we have worked hard, in collaboration with the regulator. As our industry continues to grow and mature, it is only right that regulation should evolve in line, and we welcome the detailed approach the regulator has taken throughout the process.
“This is a significant milestone for Landbay and we look forward to launching our property-backed ISA before the end of the tax year”.