Landbay and Cotality have upgraded their technology interface to speed up the buy-to-let application process for brokers.

A new Application Programming Interface (API), means that brokers will be able to submit cases directly via the buy-to-let hub.

The lender says the change will improve accuracy, remove the need for manually keying of data and allow for faster stress-testing of portfolios.

Landbay chief lending officer Paul Clampin says: “Landbay consistently strives to improve the predictability of the mortgage decisioning process while reducing the burden on our intermediary partners. 

“The integration with Cotality will reduce the need to input information manually. 

“Instead, information will be submitted directly into Landbay’s system.

“This will automate the assessment of portfolio information with the key systems at Cotality.”

Cotality chief operating officer Mark Blackwell says: “Integrating all our systems to mortgage lending operating platforms is creating a faster, more secure and seamless data journey for brokers and lenders.”

Yesterday, Landbay reduced rates on a number of products.