Octane sees BTL products added to Iress

Iress has added Octane Capital to its mortgage sourcing platform.

All intermediaries using Iress will be able to access Octane’s specialist BTL product range, which offers flexible lending criteria and no stress-testing requirements.

Mark Posniak, managing director at Octane Capital (pictured above), said: “The growth in non-standard BTL over the past 12 months has been unprecedented. 

“Octane’s ability to support foreign nationals, adverse credit profiles, first-time buyers and landlords, along with a host of non-standard property types, such as HMOs, sets us apart from the crowd. 

“Joining an established and popular platform like Iress will increase our ability to support brokers and advisers struggling to place their more challenging BTL loans.”

Dave Miller, executive general manager at Iress, added: “We’re delighted to bring Octane Capital onto Iress’ platform, expanding the range of BTL products available to our customers. 

“We’re committed to providing intermediaries with the widest range of products in both the standard and non-standard space and the last 18 months has shown that an increasing number of people need products that don’t conform to traditional product criteria. 

“Octane Capital provides the flexibility that many are looking for.”

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