Chat to a team member

Press Releases

Octane Capital has introduced a BTL calculator that aims to further reduce the application time for its new BTL range.

Mark Posniak Mark Posniak
Posted on Nov 02, 2020 | in Press Releases

The specialist lender’s BTL product requires zero stress-testing.

In September, Octane announced it had created a waiting list for its BTL following strong demand from brokers.

Recently, the lender condensed the application process for this range to two pages, and its new calculator is set to add further value by identifying the correct product (or ‘wave’ as Octane calls it) for prospective borrowers — in as little as one minute.

At the end of the calculation, introducers can download the proposed product and loan structure, which includes key information such as the nominal pay rate, monthly payment, max LTV and ERC structure. 

“We’ve invested heavily in tech during 2020,” said Mark Posniak, managing director at Octane Capital (pictured above), “and our new BTL calculator — spearheaded by Oli Greenspan, our head of marketing and internal sales — has further collapsed time to completion.

“It’s ultra-intuitive, quick to use, and gives introducers a huge amount of downloadable information that they can subsequently refer to when completing their formal application. 

“It ties in perfectly with our strategy of making the sales process frictionless and getting deals across the line faster than ever, often in half the time it traditionally takes.”

Octane continues to roll out its BTL proposition to brokers around the UK in a way that ensures service levels remain as high as possible. 

Introducers can join the Octane BTL waiting list here.

More in this section

Bridging Watch: Repeat after me – contingency

Nov 19, 2021 | Press Releases

An increasingly unpredictable world is forcing borrowers to seek…

Mark Posniak
Mark
READ MORE
Mark Posniak

Octane Capital Buy to Let products added to Iress platform

Oct 21, 2021 | Press Releases

Third generation bridging and buy to let lender, Octane Capital,…

Octane Capital
Octane Capital
READ MORE

MBT Affordability integrates with Octane Capital

Oct 10, 2021 | Press Releases

Mortgage Broker Tools (MBT) has added Octane Capital to the Buy…

Octane Capital
Octane Capital
READ MORE
Sections
Archive
Twitter
Follow us @octanecapital

15 hours, 2 minutes ago
Looking forward to announcing the first teams to have qualified in the coming days with the first announcement tomo… https://t.co/JL2ZXtLTw6

2 days, 18 hours ago
Ok so today is officially called Blue Monday which is supposedly the most miserable day of the year! To brighten u… https://t.co/j4gImIOnXK

1 week, 1 day ago
BTL completion within auction timescales! Octane Capital Ltd is delighted to complete a #3rdGen £378,000 #BTL loan… https://t.co/whoRUlnRuL

1 week, 2 days ago
If you are looking for a great way to start 2022, look no further! Why not add the Octane Capital Ltd #3rdGen… https://t.co/nlhejCYIZE

1 week, 6 days ago
Absolutely thrilled to announce that Octane Capital Ltd has been shortlisted in four categories for this years' Bus… https://t.co/XQbYTIEhFT

2 weeks ago
Back in the Octane Capital Ltd office today and was delighted to present Graham Butcher with his #3YearsService awa… https://t.co/pJUaaJClkg