Legal & General Team Up with Octane Capital
From today, advisers placing business with Octane Capital via Legal & General Mortgage Club will benefit from exclusive discounted fees across a range of buy-to-let mortgages.
Through Legal & General Mortgage Club, advisers now benefit from a reduced arrangement fee of 1.75 per cent (down from 2.5 per cent) and procuration fee of just 0.8 per cent. The range of products allow for foreign nationals, first-time landlords, expats and applicants with adverse credit.
Rates begin at 4.99 per cent per annum and have maximum loan-to-value limits of between 75 per cent and 65 per cent, depending on the specific product. Octane Capital will also lend on properties ranging in value, with a minimum property value of £200,000 rising to £5 million and the loans are suited to those seeking lending on a HMO or MUFB.
Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “Through a common-sense approach to lending, Octane Capital has helped many to start and grow their buy-to-let portfolios and we expect that our adviser community will greatly benefit from the exclusive rates we are offering in conjunction with the lender. Its ability to help a wide range of applicants, including those with credit impairments also make it a relevant and timely provider in the post-Covid climate.