LendInvest has opened a new office in Scotland to meet increasing demand for property finance in the North of the United Kingdom and to access talent from a leading financial and technology hub.
The office opens today with a launch event.
At the same time, LendInvest joins industry body Fintech Scotland.
LendInvest is currently recruiting for technology roles as well as its Scotland-based credit and operations team.
The move comes as part of the company’s expansion strategy to meet increasing borrower demand for its green and ‘inclusive’ products across the whole of the UK.
In August, LendInvest launched an HMO product for first time landlords, and has expanded the size of student lets that it supports around major Scottish Universities.
At the same time the lender will be accepting HMO and MUFB applications on the Tier 2 range enabling access to funding for more landlords.
Rod Lockhart, chief executive officer at LendInvest, said: “It has always been our intention to be a lender that brings smart and progressive technology to mortgage deals throughout the UK.
“Making Scotland the first UK office for the company outside London sets the foundations for the sort of expansion we are envisaging. We’re excited to join our existing Scotland based employees for the launch event next week, and soon welcome new colleagues on board as we ramp up our operations in the area.”
Nicola Anderson, chief executive at FinTech Scotland, added: “It is fantastic to welcome LendInvest to Scotland and have the business involved in the FinTech Scotland SME community.
“The inclusive focus of Lendinvest’s service is another great example of fintech innovation driving purposeful change to enhance outcomes for people and society, while supporting the changes needed to help achieve our Net Zero ambitions. We’re looking forward to working with the team.”