The move comes on the back of the firm receiving £200m in funding from the National Australia Bank to help expand its capacity to lend in the UK buy-to-let market.
Currently, the lender's two-year fixed rates start from 2.89% with five-year products from 3.19%. ICR assessment rate is 5% across all products, with the exception of the five-year fixed interest product which remains at 3.6%. Borrowers in Scotland will also have access to a £750 legal fee cashback offer on five-year fixed rates to 75% LTV.
Ian Boden, sales director at LendInvest, commented: “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.”
