OCTANE remind us of their complex criteria and business as usual during lockdown

Happy New Year! I hope you’re well and had a good break.

I’m pleased to inform you that, just like the last lockdowns, Octane will be continuing to lend throughout. We are not making any changes to our criteria and remain here to support you and your clients.

In the last 6 months of 2020 we saw our new BTL range really take off. One of the key features of our range is that we can cater for non-mainstream BTL cases – those involving difficult borrower and/or difficult property scenarios.

The below case study outlines a complicated case we completed in December.


Complex BTL Case Study

Borrower: a first time buyer / first time landlord purchasing his first UK property.

Asset: a 9 bed HMO in Milton Keynes valued at £395,000.

The property did not have demonstrable planning permission to be configured in this
way and one of the rooms was occupied by a protected tenant meaning our valuer
could not view inside the room.

Octane Solution:

  • 65% LTV.
  • 5 year term with no ERCs in the final 2 years.
  • Rate of 5.99% per year, with 1% deferred, giving a pay rate of 4.99%.

(The monthly payment is based on a 4.99% rate, and 1% per year is added to
the loan).

  • 2% procuration fee to the broker.

We were able to get comfortable with the planning point as we could see that the
property had been let in this way for many years. We took a view on the room
which our valuer could not gain access to.


As a reminder:

Borrower profiles we lend to… Property types we lend on….

  • Ltd companies
  • Foreign nationals and expats
  • First time buyers
  • First time landlords
  • Individuals with adverse credit
  • Individuals with low income / no income
  • Off-shore companies and trusts



  • All types of residential property
  • Semi-commercial
  • Residential above commercial
  • HMOs (up to 24 rooms)
  • MUFBs (up to 30 units)
  • Ex council
  • Holiday lets


If you have any BTL, bridging, refurbishment or developer exit cases you would like to discuss, please do let me know.


Kind regards,

Josh Knight

Business Development Manager

t : 0345 222 9009      m: 07741 591 922


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