The product is being launched ahead of the regulated product due for release in early 2026 and will fill an “obvious gap” in the second charge market, Loans Warehouse said.
It explained that less than 5% of total second charge lending is on non-residential or landlord buy-to-let (BTL) products.
The product offers rates from 7.05% and loan sizes from £25,000 to £200,000, with a maximum loan size of up to £1m to be available soon.
The maximum loan to value (LTV) stands at 75%, and there is a flexible home equity line of credit (HELOC) option, which allows brokers to delay fund release and reduce interest costs.
Landlords with up to 10 properties can borrow against single or multiple properties, including houses of multiple occupation (HMOs).
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Scroll Finance aims to offer “smarter, more flexible financing” to UK homeowners and landlords, with its deals able to support home improvements, debt consolidation, property investment and large expenses like school fees or elderly care costs.
The firm recently secured a £250m funding partnership with Jefferies.
Matt Tristram, co-founder of Loans Warehouse, said: “For a long time now, we’ve been advocating for more second charge products for landlords, and Scroll Finance’s new product range is not only market-leading for rate, but dynamically priced, a first for BTL second charge. The process will surprise many with the ease of the customer journey, including automatic valuation model (AVM), one-on-one case support and use of open banking.”
John Webb, head of lending at Scroll Finance, added: “We’re delighted to be working with Matt and the Loans Warehouse team on this pilot. At Scroll, we’re focused on delivering financing solutions for homeowners and landlords that combine certainty, speed and a high-quality service experience.
“With competitive products and a modern approach to secured lending, we’re pleased to support Loans Warehouse in offering their clients a compelling new option that meets the real needs of landlords.”
In September, Loans Warehouse was added to the Legal & General (L&G) Mortgage Club Referral Pro panel.
