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Octane Capital lowers large loan rates

Octane Capital has lowered the rates on larger loans by up to 2% per annum.

This applies to its larger bridging, developer exit and refurbishment loans.

Mark Posniak, managing director of Octane Capital, said: “Like other lenders, we regularly review the macro-economic outlook and felt especially compelled to do so in the New Year following the decisive General Election result.

“Our in-house view is that a new environment of greater political certainty will see a lot of pent-up demand for property come through, with subsequent upward pressure on prices.

“We also believe that the Bank of England will counter any continued economic weakness with monetary easing, providing a further boost to the property market through lower borrowing rates.”