Chat to a team member

Press Releases

L&G and Octane Capital team up to offer reduced rates

Octane Capital Octane Capital
Posted on Jul 08, 2021 | in Press Releases

Octane Capital is offering reduced rates for its buy-to-let products through Legal & General Mortgage Club.

Specifically, the product arrangement fee has been reduced from 2.50% to 1.75% and the procuration fee is now 0.80%.

The mortgages are available at up to 75% LTV and rates begin at 4.99%.

Applications for homes in multiple occupation and multi-unit freehold blocks are welcomed, the lender adds.

Legal & General Mortgage Club head of lender relationships Danny Belton says: “Through a common-sense approach to lending, Octane Capital has helped many to start and grow their BTL portfolios and we expect that our adviser community will greatly benefit from the exclusive rates we are offering in conjunction with the lender.

“Its ability to help a wide range of applicants, including those with credit impairments also make it a relevant and timely provider in the post-covid climate.

And Octane Capital managing director Mark Posniak comments: “We expect these competitive rates to suit a wide range of borrowers.

“However, a clear focus of our is in helping borrowers who have found PRA stress tests an obstacle to their property investment ambitions.

“By removing the need to stress test and instead requiring 100% rental cover, we are opening the door to yet more aspiring BTL landlords in a creative but responsible way.”

More in this section

Octane Capital promotes four members of its credit team

Nov 06, 2023 | Press Releases

Specialist property lender Octane Capital has announced the promotion…

Octane Capital
Octane Capital
READ MORE

Octane Capital identifies HMOs and developer exits as hottest bridging trends

Oct 20, 2023 | Press Releases

At a recent Octane Capital event, hosted in partnership with…

Octane Capital
Octane Capital
READ MORE

Octane Capital welcomes three new BDMs

Oct 10, 2023 | Press Releases

Octane Capital has appointed Lee Warne and John Smith as BDMs,…

Octane Capital
Octane Capital
READ MORE