Octopus Property’s loan book exceeds £1bn
Octopus Property, specialist property lender and part of the Octopus Group, has reported that its loan book has exceeded £1b.
Following a record start to the year, which has seen it commit more than £150m of finance, Octopus Property is on track to lend a record £850m in 2018/19.
Mario Berti, chief executive of Octopus Property, said: “This is an incredible achievement for the business and is a testament to the hard work and commitment of the team.
“We wouldn’t have got where we are without the ongoing support of our intermediaries, who have enabled us to serve an increasingly diverse range of borrowers in our core markets such as London, as well as new regions across the UK.
“Despite the broader macro uncertainty, this success has been based on a combination of the inability and unwillingness of bank lenders to evolve, the favourable underlying drivers supporting UK real estate investment and our ability to stay ahead with flexible and comprehensive products, as well as great customer service.
“With the backing of the Octopus Group, which has £8.5bn of assets under management, coupled with our growing and extremely experienced team, we are well placed to continue to increase our lending to borrowers throughout the UK.”