Octopus Real Estate returns to Buy to Let market

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buy to let landlords

Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has returned to the Buy to Let (BTL) market as it announces the launch of a new residential lending product.

The product has been launched in response to the growth opportunity in the BTL market, which is becoming increasingly evident over the last few months.

With people’s working and living arrangements changing as a result of the Covid-19 pandemic, investment into BTL property has expanded beyond the traditional urban hubs to suburban areas, creating an opportunity for brokers and borrowers.

Octopus’ new product is designed to navigate complex cases that often fall outside of mainstream lending criteria including the high street banks.

The product, which will be available to all brokers, has no minimum income requirement and will be available for properties in England and Wales.

Key product features:

  • Loans from £50k
  • 75% LTV
  • Rates from 5.49%
  • Short term lets
  • Ex-pats and foreign nationals
  • HMO’s, semi-commercial and multi-unit freehold blocks

Having worked in the buy to let market for over a decade Octopus Real Estate understands the market and its latest product is built around providing reliable, flexible financing to enable borrowers to move at pace.

Steve Matthews, Head of Buy to Let Sales at Octopus Real Estate, commented:

“The pandemic has meant that many people will rethink their living arrangements and there is a clear opportunity for the buy to let market to unlock alternative homes for people over the coming year.

However, many borrowers are missing out on the opportunity as they don’t meet mainstream lending criteria. We want to change this.

Working in partnership with our broker community, we think there is an exciting opportunity to grow the market and reach those underserved borrowers to allow them to take advantage of external market conditions.

We’ve worked hard to develop a product that will enable us to deliver through popular transaction times and help a wide range of borrowers become landlords, realising the potential of a BTL investment.”

D’mitri Zaprzala, Head of Residential at Octopus Real Estate, added: 

“We have always been committed to the buy to let market and now is the right time for us to return.

We have spent the last few months speaking to and listening to our broker community to understand what they really want from a specialist lender.

We found that brokers want a lender who is dependable, so we have put this at the heart of our product, which can support complex cases and address the underserved part of the market.

The buy to let market is buoyant, driven in part by the resilience of the housing market during the pandemic, and we see a significant growth opportunity as people re-evaluate their living arrangements as we start to emerge from this latest lockdown.”