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Record quarter for Octane Capital

by Kevin Rose
13 October 2020
Assetz Capital passes lending milestone
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Octane Capital has revealed that the third quarter of 2020 was its biggest quarter for completions yet since launching in 2017.

The number of completions recorded between July and September 2020 was up 125% on the same period last year, and 158% on the second quarter.

Octane also saw a 190% increase in applications during the third quarter of the year compared to the same period in 2019, achieving another record high.

Applications were also up 156% on Q2 2020.

Matt Smith, director of credit and risk at Octane Capital, said: “Activity in the property market went off the Richter scale when the country emerged from lockdown. The massive release of pent-up demand, subsequently boosted by the stamp duty holiday, resulted in a record third quarter for completions, with our entire team working flat out just to keep up.

“All our lending channels are pedal to the floor, from bridging and refurbs to developer exit loans and our newly launched buy-to-let product. Acquisitive landlords are taking particular advantage of our bridging facilities in order to expand and improve their portfolios in advance of a predicted surge in rental demand.”

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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