Octane reaches record number of AIPs for August

The lender also launched a self-funded refurbishment product in mid-July, for investors seeking high day one leverage, but would prefer to self-fund a build and do not want to pay fees and interest on a refurbishment tranche.

Richard Deacon, managing director of sales at Octane, commented “We are gathering real momentum.”

“While August can often be a quieter month, we’ve seen an explosion of activity at the front end.”

“The base rate dropping at the start of the month brought our rates down, because they are BBR linked, which has made us even more competitive.”

“And with our 75% LTV products now live we are hoping this will add fuel to the fire as we approach Q4.”