LendInvest expands buy-to-let offering to Scotland
LendInvest has expanded its buy-to-let offering into Scotland as demand for long-term property finance in the Scottish housing market increases.
Their 2-year fixed rates currently start from 2.89%, whilst 5-year fixed rates are available from 3.19%.
ICR assessment rate is 5% across all products with the exception of the 5-year fixed interest product which has a ICR rate of 3.6%.
Scottish borrowers will also have access to a £750 legal fee cash back offer on 5-year fixed to 75% LTV.
Ian Boden, sales director at LendInvest, 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 buy-to-let product so far in England and Wales, we are excited to be delivering the same high quality loans to the Scottish market.”
This comes after the recent announcement that LendInvest received £200m in funding from the National Australia Bank for the business to expand its capacity to lend in the UK buy-to-let market.