Octopus – Bridging & BTL Term Products

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Octopus real estate logoOctopus updated Bridging and BTL Products

Buy to let Term – Highlights:

  • Support First-time landlords, First-time buyers, Foreign Nationals (on & offshore) and Ex-Pats.
  • They can purchase/refinance a variety of asset types inc. HMOs, multi-unit freehold blocks, Semi-Commercial properties, Holiday Lets (no restrictions) and New Build assets.
  • Able to defer interest.
  • Min Loan £50k. Min property value £70k.
  • No minimum income.
  • AVM’s and Enhanced Indemnity Insurance can be used.

Bridging – Highlights:

Octopus Bridging BTL Term Products

Points to Note:

  • Min loan size £100k. Max £1m.
  • AVMS to be ran at AIP stage (70% for purchases, 55% for refinances).
  • Fast Track option still available (see attached).
  • Comfortable allowing clients to carry out light refurbishment projects while on a bridge, at their own expense, provided total budget is under £100k and the works are non-structural.
  • Flexibility on security types – i.e., Semi-Commercial, HMO’s, multi-unit freehold blocks, unrestricted holiday lets.
  • Support First time landlords, First time buyers, Foreign Nationals (on & offshore) and Ex-Pats.

If you have any questions or enquiries, please do not hesitate to reach on 07736 967355.