LendInvest has extended its buy-to-let (BTL) mortgage offering to Scotland.
The lender’s two-year fixed rate BTL products start from 2.89 per cent. The five-year fixes start from 3.19 per cent.
The interest cover ratio (ICR) rate is five per cent across all BTL products, apart from the five-year fixed at 3.6 per cent.
Borrowers in Scotland can access £750 legal fee cashback on five-year BTL fixes up to 75 per cent loan-to-value.
The move comes months after the lender received £200m in funding from the National Australia Bank to extend its capacity to lend in UK BTL.
Ian Boden (pictured), 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 BTL product so far in England and Wales, we are excited to be delivering the same high quality loans to the Scottish market.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS