Talk to us about progressing your project
Bridging has been at the centre of what we do since our inception.
As specialists in short-term finance, we understand the need to complete bridging loans quickly and have the experience to make it happen.
Rates from 0.33% per month + BBR
Daily interest, not monthly
No exit fees
Flexible on borrower profile
Loan sizes
From £100,000 to £15,000,000 (and beyond)
Asset types
All types of residential property and semi-commercial property
Unregulated loans only
Max LTV
70%
Rates
From 0.33% per month + BBR*
*Our rates track the Bank of England Base Rate
Terms
Up to 24 months
Borrowers
We are flexible on borrower profile
For low LTV cases, we can consider deals outside of usual appetite.
For borrowers buying residential or semi- commercial property and seeking planning permission. Once granted, Octane can provide funding for the build costs.
Including foreign nationals, ex-pats and borrowers with no credit footprint in the UK. We can also consider offshore companies, LLPs and Trust structures.
Where completion is necessary within tight timescales.
For borrowers who want to raise funds against existing property to fund further property purchases or to inject into their business.
For borrowers who need more time to finish/ sell their new-build properties, including those under pressure from their existing lender.
For borrowers approaching term with their existing BTL lender, where the property no longer fits within ICR requirements.
LTV: 65% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan was to a Hong Kong national and resident, and helped them acquire a 3-bedroom house in Altrincham. Having been let down by a mainstream lender after contracts had been exchanged, we needed to step in and complete quickly.
LTV: 41% LTV
Rate: 0.38% per month + BBR
Solution: Octane’s loan was secured against this unencumbered holiday let. Our funds allowed our borrower to purchase further properties, whilst they waited for this one to sell.
LTV: 60% LTV day one, net of interest, plus 100% of the cost of the remaining build costs, at 60% LTGDV
Rate: 0.42% per month + BBR
Solution: Octane’s loan helped our borrower refinance a part-complete 5-bedroom family home in Brenzett, Kent. Our loan repaid the development lender and provided the funds needed to finish the development.
LTV: 70% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan helped our borrower acquire a large house in Padstow. Our borrower’s plan is to work up planning permission to redevelop the site and, on receipt, will refinance our loan will a development finance facility.
LTV: 55% LTV
Rate: 0.37% per month + BBR
Solution: Octane’s loan was to a high-net-worth individual residing outside of the UK and is secured on two prime residential properties in Kensington. The loan provides a substantial capital raise to help fund ongoing investment opportunities. The loan was completed within 4 weeks of the initial enquiry.
Talk to us about progressing your project
0345 222 9009