Octane Capital unveils proposition enhancements following Aldermore acquisition

Octane Capital has made key changes to its proposition including reducing developer exit rates and introducing free AVMs and remote valuations.

The lender has also introduced fixed rates across its range, priced at the same as its variable rates.

Alongside these updates, Octane now lends against open market value (OMV), moving away from lending against 180-day values on qualifying cases.

The free AVM and remote valuation offers are available on qualifying purchase transactions up to 75% LTV.

Jonathan Samuels, CEO at Octane Capital (pictured above), commented: “These changes are a direct result of our acquisition by Aldermore Bank, broker feedback and reflect our continued focus on improving the proposition, removing friction and making it easier to do business with Octane.

“While these four enhancements represent a significant step forward, they're only the beginning.

“We're continuing to invest in our products, technology and service, with plenty more to come.”