Having completed loans primarily to professional landlords, property investors and developers, Octane Capital has passed the £500m lending milestone, just over two years since launching in May 2017.
Known for its speed, offering much faster time to completion than many high-street lenders, the buy-to-let, bridging and development lender has helped a number of landlords add to their property portfolios by providing crucial funding a purchaser needs to acquire property.
Research shows that the main reason borrowers turn to specialist lenders is to avoid delays with their long term mortgage, which can result in a potentially lucrative investment opportunity being missed.
Jonathan Samuels, chief executive of Octane Capital, commented: “We launched Octane with a vision of shaking up the specialist finance sector and hopefully, with our product-less approach to lending, we have managed to achieve that.
“We would clearly like to extend special thanks to our valued broker partners, who have played a pivotal role in the growth of our business.”