Octane Capital tops £100m of lending in a quarter for first time

Octane received 325 applications and completed 166 loans in the three months.

The performance included a 15 per cent rise in the number of foreign nationals among its customers, the steepest quarterly rise yet.

Mark Posniak, managing director at Octane Capital, (pictured) said: “Activity levels have been off the scale. The stamp duty holiday was a driver. And we are seeing high demand from foreign nationals, mostly from outside the EU, who increasingly see UK property as a safe haven.”

The proportion of foreign national borrowers buying properties outside London was 36 per cent in the six months to end of June, up from eight per cent in the lender’s launch year in 2017.