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Octopus Real Estate sees record October

Octopus Real Estate reached £127m worth of property lending in October.

This beats its previous record of £101m in May this year.

Nearly half of the deals in October were made outside of London in regions such as the East of England, West Midlands and South West.

Dan Murray, head of sales at Octopus Real Estate, said: “Being a flexible and nimble non-bank lender enables us to react to the market environment and listen to the needs of our borrowers.

“Having spent the last decade building a business known for putting its customer first, we want to thank our loyal network of brokers and lenders for continuing to support us and helping us improve our service at every stage of the property lifecycle.”

Benjamin Davis, chief executive of Octopus Real Estate, added: “This is another significant milestone for the Octopus Real Estate team post-merger.

“Our continued growth and success reflect the service that we offer to our broker and borrower network throughout the UK and the strength of our reputation and relationships with this base.

“We will continue to evolve with the UK real estate sector, to ensure we can support our borrowers to fulfil their borrowing needs and realise the visions for their property projects.”

The commercial team, led by Ludo Mackenzie, almost doubled its lending record.

The team completed commercial deals in several regions across the UK, with capital being used for a mixture of refinancing, acquisitions and equity release.

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