LendInvest will launch into the Scottish market by appointing a business development manager north of the border.
LendInvest will initially focus on the ‘central belt’ running between Glasgow and Edinburgh where demand is highest, while the company plans to launch a Scottish office with sales, underwriting and case management expertise.
The firm wants to hire a BDM based in Scotland that specialises in bridging.
Christian Faes, co-founder and chief executive of LendInvest, said: “It has always been our intention to be a lender that brings smart and efficient underwriting practices to mortgage deals throughout the UK.
“Making Scotland the first launch location for the company outside London puts a marker in the sand for the sort of expansion we are envisaging. I’m excited to welcome a new colleague on board and then starting closing our first deals there.”
LendInvest’s existing residential bridging and short-term buy-to-let products will be available to new Scottish property entrepreneurs seeking loans with a maximum 70% LTV lasting up to three years.
In Spring the firm will also launch BDM roles in the West Country, Midlands and North West as it looks to expand beyond its traditional base in London and the South East.