About Us What we do Introducers Media Careers Contact CHAT TO A TEAM MEMBER 0345 222 9009 LOGIN Press Releases Octane Capital passes £1billion of completions Octane Capital Posted on Jun 10, 2021 | in Press Releases To achieve the £1bn milestone, Octane Capital has completed on 1,375 loans since launching in May 2017. #3rdGen lender, Octane Capital, today announced that it has passed £1bn of completions, just over four years since its launch in May 2017. Since the lender opened its doors, it has received 3,274 applications with a combined value of over £2.4bn and issued AIPs (agreements in principle) of £8.8bn. It has completed on 1,375 loans. Octane launched in 2017 as the first ever UK lender to have no products, which it referred to as the #3rdgeneration of property finance. Instead, each loan, whether a bridge, refurb or developer exit, is fully bespoke. It remains the only ‘product-less’ lender to this day. Last year, it pivoted to a hybrid model and launched its first product range, a buy-to-let facility with a pay rate starting at 3.99%. Uniquely, Octane’s buy-to-let loans require zero stress-testing, which is proving a growing challenge for brokers and landlords. Jonathan Samuels, CEO, Octane Capital, commented: “£1billion of completions is a significant milestone for us and reflects the exceptional efforts of our team over the past four years. Since launching, we’ve evolved our model into a hybrid platform, offering product-less solutions and buy-to-let products alike. But what both have in common is our highly commercial risk proposition, which is single-mindedly focused on finding a way to make a loan work.” Mark Posniak, Managing Director, Octane Capital, added: “I’d like to say a huge thank you to all our broker, legal and surveying partners, without whom reaching £1bn of deals would have been impossible. We’re only as good as the people we work with and whose skills we rely upon, and on that front they never let us down. We’re looking forward to hitting £2bn, which could come round a lot quicker if the current pace of market activity continues.” Matt Smith, Director of Risk, Octane Capital added: “We are really proud of hitting the £1bn mark but even more so when you look at how the loan book is performing. With over £600m already redeemed, it shows that we are making the right decisions. I would also like to add a special thank you to our wonderful team who constantly go the extra mile for our partners.” Facebook Twitter More 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 READ MORE 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 READ MORE MBT Affordability integrates with Octane Capital Oct 10, 2021 | Press Releases Mortgage Broker Tools (MBT) has added Octane Capital to the Buy… Octane Capital READ MORE Sections Blog In the news Press Releases Archive 2021 2020 2019 2018 2017 Twitter 11 hours, 43 minutes ago "Going above and beyond".... reading this just fills me with such pride. Thank you so much to Francesca Woodhouse… https://t.co/hFcS6I6pJh 1 day ago Congratulations to @alfred_dzadey, Sanjay Kumar & Malkit Purewal on both your wins tonight. Octane Capital Ltd is… https://t.co/LoroyEh4zm 1 day, 5 hours ago I can not begin to tell you how good it feels seeing all our Octane Capital Ltd nominations from our rega… To talk to a team on your wavelength get in touch on 0345 222 9009 OR EMAIL US Apply Now Let's land your loan ENQUIRE NOW EXPERIENCE DELIVERS Site Map Privacy Notice Cookies Copyright © Octane Capital 2021