Mansfield Building Society has launched into the Scottish buy-to-let (BTL) market.
The move will see the lender roll out its existing business BTL, Consumer BTL and regulated Family BTL products to Scottish borrowers, with some postcode restrictions in place for the Scottish islands.
Borrowing is available with loan sizes ranging between £50,000 and £1m as well as a maximum 75% loan-to-value (LTV) available across all its BTL products.
Whilst expat BTL is also included, the society’s SPV limited company BTL and holiday let lending is excluded.
Tom Denman-Molloy (pictured), intermediary sales manager, said: “Mansfield’s launch into the Scottish BTL market enables us to expand our reach and offering to include Scottish landlords who now have access to our flexible and personal lending solutions.
Whether it’s our incredibly popular Family BTL lending or supporting portfolio landlords with affordability through Top Slicing, we’re looking to add an extra dimension to BTL in Scotland.”
