Octopus pauses BTL following surge in demand
Octopus

Octopus pauses BTL following surge in demand



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Octopus Property has announced that it is taking a pause on accepting new applications for BTL products.

The specialist lender has stated on the BTL page on its website: “Our buy-to-let products are taking a break, but don’t worry, they’ll be back in the new year.”

A spokesperson from Octopus Property added that following a successful relaunch of its residential and commercial term loan products this autumn, it had been inundated with deal flow to the point that it had filled its allocated budget for term funding well ahead of schedule.

“As a result of this demand, we have chosen to take a pause on accepting new applications for these products until the new year while we manage the current pipeline of business.

“It’s still business as usual for our other products.”

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