Octane Capital launches powerful new BTL calculator

#3rdGen lender, Octane Capital, today announced it has launched a powerful new calculator that further reduces the application time for its in-demand buy-to-let product range, which requires ZERO stress-testing.

Only recently, Octane condensed the application process for its new buy-to-let range to just two pages, and the calculator adds further value by identifying the correct product (or ‘wave’) for prospective borrowers in as little as a minute.

At the end of the calculation, introducers can effortlessly download the proposed product and loan structure, which includes key information such as nominal (pay) rate, monthly payment, max LTV and ERC structure.

Mark Posniak, managing director, Octane Capital, commented: “We’ve invested heavily in tech during 2020 and our new B2L calculator, spearheaded by Oli Greenspan, our head of marketing and internal sales, has further collapsed time to completion. It’s ultra-intuitive, quick to use and gives introducers a huge amount of downloadable information that they can subsequently refer to when completing their formal application. It ties in perfectly with our strategy of making the sales process frictionless and getting deals across the line faster than ever, often in half the time it traditionally takes.”