Second mortgage credit repair specialist Spring Finance has begun lending in Scotland.

It will offer loans up to £100,000, up to 70% loan to value and available on buy-to-let properties.

Spring’s CEO, Stuart Epstein, said: “We are delighted to be operating in Scotland.

“We are confident that our range of products and high level of service will be a great addition to the market.

“It demonstrates the strength of our business and also gives us an excellent platform to increase our lending capability within the market.

“Scotland has a thriving economy and a buoyant housing market and from our viewpoint, now is the perfect time for Spring Finance to operate there.

“We have considered the implications of Brexit and the possibility of another referendum on Scottish independence, however, we are committed to lending in Scotland now and in the future.”

The company will continue to work with its panel of brokers, however, it is keen to recruit new brokers too.”

Allan McKendrick of Glasgow-based solicitors, Wilson McKendrick, added: “We look forward to working with Stuart and his team at Spring Finance.

“The company has already earned an excellent reputation for its products and service in England and Wales and will be a great addition to the sector in Scotland.”