Octane Capital has opened up its buy-to-let product range to all brokers.
Until now, loans starting from £150,000 within Waves 1 and 2 were available on a semi-exclusive basis only.
Octane’s buy-to-let product requires zero stress-testing and the lender is targeting borrowers that other lenders actively avoid, specifically first time landlords, foreign nationals, MUFBs (multi-unit freehold blocks), HMOs (houses in multiple occupation), limited companies and other non-standard structures.
Mark Posniak (pictured), managing director at Octane Capital, said: “We’re excited to announce that our full buy-to-let product suite is now open to everyone. In recent months, we’ve been further fine-tuning it 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.
“Our buy-to-let 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. 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.”