Octane Capital cuts large loan rates after 2020 risk review
Mark Posniak

Octane Capital cuts large loan rates after 2020 risk review

Octane Capital has lowered the rates on its larger loans by up to 2% per annum.

This change will apply to larger bridging, developer exit and refurbishment loans with immediate effect.

The lender has reduced its risk rating as a result of the improved outlook for the UK property market and political stability following the December general election result.

Earlier this month, JLL predicted that investment volumes in the UK property market will total around £55bn in 2020, a 17% increase on the estimated £47bn that it expects to see for 2019.

Mark Posniak, managing director at Octane Capital (pictured above), commented: “Like other lenders, we regularly review the macroeconomic outlook and felt especially compelled to do so in the new year following the decisive general election result.

“Our in-house view is that a new environment of greater political certainty will see a lot of pent-up demand for property come through, with subsequent upward pressure on prices.

“We also believe that the Bank of England will counter any continued economic weakness with monetary easing, providing a further boost to the property market through lower borrowing rates.”   

In October 2019, Octane announced it had passed £250m of redemptions since launching in 2017.

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment

Blonde teen Lidsey posing for you