Octane Capital passes £1bn completions

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Octane Capital has surpassed over £1bn worth of completions since its launch in 2017.

Within that timeframe, the lender has received 3,274 applications with a combined value of over £2.4bn, made AIPs (agreements in principle) of £8.8bn, and it has completed on 1,375 loans.

Jonathan Samuels, chief executive of Octane Capital, said: “£1bn 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 of 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.”

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