Under this new partnership, the lender’s products will all be available via Twenty7Tec’s SOURCE platform. This will give Intermediaries access to Octane’s medium-term buy-to-let products and short-term bridging solutions, via the SOURCE module.
Nathan Reilly, head of lender relationships at Twenty7Tec, said: “The specialist lending market is growing by the day so we’re delighted to welcome one of the real innovators in it onto our platform.
“Being able to access a lender of the quality and experience of Octane Capital will be a real value-add for our users during 2021 and beyond.”
Mark Posniak, managing director at Octane Capital, added: “Our appetite to lend has never been as strong and so featuring on an established and cutting-edge platform like SOURCE will enable us to get even more money into the market.
“As a lender with no products for our short-term lending proposition, creating products specifically for this sourcing system was a fun challenge.
“We do, however, feel that our buy-to-let products will be a real bonus for the many mortgage brokers out there looking for a home for their foreign national, first-time landlord and more challenging buy-to-let clients.”
Original article featured here…
Octane Capital recently highlighted its ability with non-mainstream BTL cases; by completing a £420,000 loan to an Indian national, who is currently residing in the UAE, which is secured on an unencumbered flat in London.