Specialist second charge lender Equifinance is planning to move into the Scottish market.

Equifinance says it sees this as the right time to expand its product and service offering. Equifinance’s criteria caters for a range of clients, including those with adverse credit profiles and self-employed home owners.

As part of the strategic launch Equifinance is piloting with a few partner brokers initially before it expands its offering to the wider community.

Tony Marshall, managing director of Equifinance, said: “From the broker research we did last year in the run up to MCD implementation, the Scottish market was highlighted as a viable opportunity for the extension of our services, so it’s very pleasing that this is now coming to fruition.

“With the awareness and knowledge of the benefits continuing to grow, our products and straightforward approach are already being well received. Certainly the feedback we have had from our business partners on the expansion is extremely positive and we are all very confident of its success.”