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

Two thirds of rental homes not energy efficient

Mar 23, 2022 | Press Releases

With energy bills due to increase by 54% in April, research from…

Octane Capital
Octane Capital
READ MORE

UK home to fourth largest rental market trailing US, Germany and Japan

Mar 02, 2022 | Press Releases

Research by specialist property lending expert, Octane Capital,…

Octane Capital
Octane Capital
READ MORE

Housing equity hotspots - Nation’s most valuable property market revealed

Feb 14, 2022 | Press Releases

Research from specialist property lending experts, Octane Capital,…

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

1 week, 3 days ago
The Octane Capital Ltd #3rdGen sales team have had a great day at the NACFB show in Birmingham today meeting new an… https://t.co/jdjyjtWh1o

1 week, 4 days ago
Delighted to be shortlisted for 3 awards at the Bridging & Commercial awards. #BestBridgingLender… https://t.co/eOblVsS6ew

1 week, 4 days ago
To all my contacts who like cricket - looks like a great event! https://t.co/elnjUQRSND

1 week, 4 days ago
The Octane Capital Ltd #3rdGen sales team will be at the NACFB #Expo in Birmingham tomorrow. Please do pop by and… https://t.co/MZipMiQ7Hm

3 weeks, 5 days ago
Always delighted when Octane Capital Ltd receives a 5* Trustpilot review. Thank you TonyB for your kind words!… https://t.co/Rimwcb0Jsg

1 month ago
Octane Capital Ltd #3rdGen Mortgage Strategy https://t.co/FVArs3g8O2