Mark Posniak

Octane launches new BTL calculator




Octane Capital has today (2nd November) introduced a BTL calculator that aims to further reduce the application time for its new BTL range.

The specialist lender’s BTL product requires zero stress-testing, as reported in issue 10 of Bridging & Commercial Magazine.

In September, Octane announced it had created a waiting list for its BTL offering following strong demand from brokers.

Recently, the lender condensed the application process for this range to two pages, and its new calculator is set to add further value by identifying the correct product (or ‘wave’ as Octane calls it) for prospective borrowers — in as little as one minute.

At the end of the calculation, introducers can download the proposed product and loan structure, which includes key information such as the nominal pay rate, monthly payment, max LTV and ERC structure. 

“We’ve invested heavily in tech during 2020,” said Mark Posniak, managing director at Octane Capital (pictured above), “and our new BTL calculator — spearheaded by Oli Greenspan, our head of marketing and internal sales — has further collapsed time to completion.

“It’s ultra-intuitive, quick to use, and gives introducers a huge amount of downloadable information that they can subsequently refer to when completing their formal application. 

“It ties in perfectly with our strategy of making the sales process frictionless and getting deals across the line faster than ever, often in half the time it traditionally takes.”

Octane continues to roll out its BTL proposition to brokers around the UK in a way that ensures service levels remain as high as possible. 

Introducers can join the Octane BTL waiting list here.

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