Newly launched bridging lender Octane Capital has joined the panel of the Connect for Intermediaries mortgage network.
The new lender, launched by Dragonfly founder Jonathan Samuels earlier this month, has also joined the panel of Connect’s packaging arm.
Connect for Intermediaries is a specialist mortgage network for brokers who deal with buy-to-let, commercial mortgages and bridging. It also provides packaging services for DAs and ARs of other networks who may deal with the occasional specialist lending case.
Octane chief executive Samuels says. “We’re excited to be working with Connect Mortgages as Connect’s brokers really understand the bridging market, know how to package and present deals, and also can see the value in the ‘product-less’ proposition we have launched. As a third generation lender, we want to work with companies who can think on their feet and that’s where Connect thrives.”
Connect for Intermediaries chief executive Liz Syms says, “As Octane will look at every loan on its individual merits, it means that they will lend if the business case stacks up, not because it subscribes to a particular LTV or loan amount.
“I believe that the market, and Connect for Intermediaries’ brokers in particular, have been crying out for this level of flexibility and individuality for some time and so we are incredibly pleased to be the first network and packager in the market to provide brokers with access to this exciting proposition.”
For more on the Octane Capital proposition, read the firm’s profile interview with Mortgage Strategy here.