The lender has cut rates on its larger bridging, developer exit and refurbishment loans.
Octane Capital has reduced its risk rating and has cut rates on its larger bridging, developer exit and refurbishment loans by as much as 2% per annum.
This is as a result of the improved outlook for the property market and broader political stability following the December General Election result.
Mark Posniak, managing director at 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.”
