Ian Boden

LendInvest expands BTL offering to Scotland

LendInvest has expanded its BTL offering into Scotland.

The property finance marketplace’s two-year fixed rates start from 2.89%, with five-year fixed rates from 3.19%.

It has an ICR assessment rate of 5% across all its products, with the exception of the five-year fixed interest product, which remains at 3.6%.

The full range of LendInvest’s existing short-term loan products continue to be available to Scottish property professionals, while Scottish borrowers will also have access to a £750 legal fee cashback offer on a five-year fixed term at 75% LTV.

Ian Boden, sales director at LendInvest (pictured above), said: “Scotland has always been a priority market for us as a lender.

“For a location with such huge potential, it’s surprising that the Scottish market continues to be undersupplied by active mortgage providers.

“Following the fantastic reception we’ve had for our BTL product so far in England and Wales, we are excited to be delivering the same high-quality loans to the Scottish market.”

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