LendInvest has opened a new office at 9 George Square in Glasgow to meet increasing demand.
The property finance asset manager is also now recruiting in Scotland for technology roles in its credit and operations team, seeking people with an understanding of the Scottish mortgage market.
LendInvest has also joined industry body Fintech Scotland as part of its commitment north of the border.
In August, LendInvest launched a houses of multiple occupancy HMO product for first time landlords, and has expanded the size of student lets it supports around Scottish universities.
At the same time, the lender will be accepting HMO and multi-unit freehold block applications on the Tier 2 range, enabling access to funding for more landlords.
Rod Lockhart, chief executive at LendInvest, commented: “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 and soon welcome new colleagues on board as we ramp up our operations in the area.”
Nicola Anderson, chief executive at FinTech Scotland, said: ”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.”
LendInvest has lent more than £4bn of short term, development and buy to let mortgages. In 2019, it was the first UK fintech to securitise a portfolio of buy-to-let mortgages.
Its funders and investors include JP Morgan, HSBC, Citigroup and NAB.
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