Chat to a team member

CORONAVIRUS: The health and safety of our customers and partners is our priority UPDATE

Press Releases

Octane Capital hits £100m of redemptions in just 15 months

Octane Capital Octane Capital
Posted on Sep 12, 2018 | in Press Releases

  • 3rd gen lender also smashes through £0.25bn of lending over the summer following a record August for both AIPs and completions

‘Product-less’ lender, Octane Capital, today announced it has hit £100m of redemptions just 15 months since launching in May last year.

The £100m redemptions milestone follows another major breakthrough for the ‘3rd gen’ lender over the summer, when it smashed through £250m of completions.

Bucking the seasonal trend, Octane singled out August 2018 as its busiest month yet, in terms of both AIPs (agreements in principle) and actual completions.

To maintain momentum, Octane Capital is currently on the road. More information on its #3rdGen lending roadshow, along with venues and dates, can be found here.

Mark Posniak, Managing Director, Octane Capital, commented:

“Anyone can lend money — it’s the speed, ease and predictability with which you get it back that matters most. Redemptions offer a snapshot of the quality of your risk, and to have hit £100m in just 15 months on well over £250m of completions is, for us, our biggest achievement yet. Redemptions also enable you to get more money into the market, which is vital in a climate as fast-moving as this. August is generally a slow month but for us it was off the scale, at both the back and front end. Autumn 2018 is shaping up to be something special.”

More in this section

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

Nov 02, 2020 | Press Releases

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

Mark Posniak
Mark
READ MORE

Octane completes over 1,000 loans since launch

Oct 21, 2020 | Press Releases

Octane Capital has completed over 1,000 loans since launching…

Octane Capital
Octane Capital
READ MORE

Octane 'committed' to brokers and completes on four loans in 24 hours

Mar 24, 2020 | Press Releases

‘Product-less’ lender, Octane Capital, today announced that it…

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

1 month, 1 week ago
Cant stop laughing at this!!! https://t.co/qdObP94zF6

11 months, 1 week ago
RT @mposniak: @OctaneCapital #3rdGen CEO Jonathan Samuels speaking style #TSLE2020about the risks of Dual Rep - especially for Co… https://t.co/iicz42Yboh

11 months, 1 week ago
RT @mposniak: So never posted anything yesterday as I was travelling (a day late due to Storm Ciara I might add!!) Delighted to… https://t.co/nNP977c8IK

11 months, 1 week ago
RT @mposniak: Another completion this time to make up for the lost day yesterday... Lovely £1.25m @OctaneCapital #3rdGen… https://t.co/r3ESjSiysv

11 months, 1 week ago
RT @mposniak: Last one to talk about today but its a special one.... Delighted to complete a lovely @OctaneCapital #3rdGen… https://t.co/LQEJw9uBUw

11 months, 1 week ago
RT @mposniak: Qualification for the 3rd Annual #OctaneCapitalCup in now open!!! Contact your BDM for more info on how to qualify… https://t.co/BmyjR2qLGF