Chat to a team member

Press Releases

Octane opens full BTL range to all brokers

Octane Capital Octane Capital
Posted on Apr 15, 2021 | in Press Releases

Octane Capital has today (15th April) opened its entire BTL product range to all brokers with immediate effect.

The specialist lender initially launched its BTL product during the first national lockdown and deliberately restricted it to a select group of partners to get granular feedback.

In January, Octane had widened the distribution of its BTL offering so that all brokers could access its Wave 3 to Wave 5 products.

Previously, loans starting from £150,000 within Waves 1 and 2 were only available on a semi-exclusive basis.

Octane’s BTL offering has a pay rate starting at 3.99% and requires zero stress testing.

“In recent months, we’ve been further fine-tuning [our BTL product suite] and putting systems in place to ensure we could continue to provide a high-quality service for brokers at scale, and now we’ve reached that point,” said Mark Posniak, managing director at Octane Capital. 

The finance provider is able to offer loans to first-time landlords, foreign nationals, MUFBs, HMOs, limited companies and other non-standard structures.

“Our BTL loans are targeting a demographic that the vast majority of lenders actively avoid, with many of our borrowers to date having multiple non-standard circumstances,” added Mark.

“But this is where we believe we stand apart as a lender and we look forward to helping as many brokers as possible during 2021.”

In January, Octane surpassed £500m of redemptions since lauching in May 2017. 

The liquidity created by the redemptions has enabled the lender to further widen the distribution of its BTL product this year.

In March, Octane announced it had partnered with Twenty7Tec so that intermediaries could access its BTL and bridging products via the mortgage platform provider’s SOURCE module.


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 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

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
Follow us @octanecapital

14 hours, 4 minutes ago
Looking forward to announcing the first teams to have qualified in the coming days with the first announcement tomo…

2 days, 17 hours ago
Ok so today is officially called Blue Monday which is supposedly the most miserable day of the year! To brighten u…

1 week, 1 day ago
BTL completion within auction timescales! Octane Capital Ltd is delighted to complete a #3rdGen £378,000 #BTL loan…

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…

1 week, 6 days ago
Absolutely thrilled to announce that Octane Capital Ltd has been shortlisted in four categories for this years' Bus…

2 weeks ago
Back in the Octane Capital Ltd office today and was delighted to present Graham Butcher with his #3YearsService awa…