A new lender has launched in the buy-to-let space, ditching the traditional loan-to-value (LTV) method of mortgage finance. Instead, the new “productless” property lender, Octane Capital, says it will price each individual loan according to the “real” risk of the borrower assessed by their underwriters.
Octane Capital says it will provide bridging finance as well as buy-to-let loans for up to three years on properties worth a minimum of £100,000.
It will consider buy-to-let loans for individual landlords and companies, and the rental income will need to cover 100% of the pay rate.
Read the Property Industry Eye article here
Octane Capital says it will provide bridging finance as well as buy-to-let loans for up to three years on properties worth a minimum of £100,000.
It will consider buy-to-let loans for individual landlords and companies, and the rental income will need to cover 100% of the pay rate.
Read the Property Industry Eye article here
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