LendInvest extends buy to let offering to Scotland

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  • 14/11/2019
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LendInvest extends buy to let offering to Scotland
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.” 

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