Specialist Hub has partnered with Scroll Finance to launch what they describe as the UK’s lowest-priced buy-to-let second charge product, targeting growing demand from landlords seeking competitive funding options.
Specialist Hub said the new semi-exclusive product is the result of close collaboration with Scroll Finance, whose technology-focused approach and landlord-specific underwriting have helped the lender increase its presence in the specialist market.
The launch comes at a time when landlord borrowing options in the second-charge space remain narrow. Although demand is strong, only a small part of the market caters for non-residential or investment properties, often leaving landlords dependent on slower or higher-priced alternatives.
The new product is positioned as an additional choice at a rate not currently matched elsewhere.
Rates begin at 7.05%, with loans available up to 75% LTV. The range is open to individual landlords and portfolio investors, and includes two and five-year fixed rate options with loan sizes up to £300,000.
Automated valuations will be available where suitable, although HMO cases involving multiple securities will still require full valuations.
Tony Sutton, managing director of Specialist Hub, said: “Scroll Finance has brought real innovation to the sector, and we’re delighted to launch this semi-exclusive buy-to-let second charge product together.
“It delivers exceptional value for landlords, and the flexibility and speed brokers are crying out for in today’s market.
“We’re also pleased to support intermediaries with a strong commission structure, ensuring the product works commercially for brokers as well as for their clients.”
John Webb, head of lending at Scroll Finance, added: “Working with Specialist Hub has allowed us to refine a product that genuinely meets the needs of modern landlords.
“Their insight and distribution strength have been invaluable, and we’re excited to bring this offering to the market through a partner who shares our commitment to service and innovation.”
