Octane cuts bridging rates to 0.69% after Aldermore Bank acquisition
What's the deal? Octane CapitalDealroom has a profile for this one. Try Dealroom → has overhauled its bridging loan proposition, reducing rates on developer exit facilities above £2m to 0.69% per month. The lender also introduced fixed rates, new valuation criteria, and free automated valuation models (AVMs).
Why now? The changes follow Octane's acquisition by Aldermore BankDealroom has a profile for this one. Try Dealroom →, announced in March 2026 as a £465m bridging loan portfolio deal that handed the FirstRand-owned bank its first direct bridging origination capability. Chief executive officer Jonathan SamuelsDealroom has a profile for this one. Try Dealroom → said the enhancements are "a direct result of our acquisition by Aldermore Bank, broker feedback" and a continued focus on improving the proposition.
What's changing? Octane has moved from lending against 180-day values to Open Market Value on qualifying cases, giving brokers more flexibility when structuring transactions. It has also introduced fixed rates across its range at the same price as variable rates, letting borrowers lock in monthly payments without a premium.
On qualifying purchase transactions up to 75% loan-to-value, the lender now offers free AVMs and remote valuations.
What's the endgame? Samuels framed the four changes as "only the beginning," pointing to ongoing investment in products, technology, and service. The aim is to remove friction and hand brokers a stronger offer for their clients.
The signal: The move shows how bank ownership can reshape a specialist lender's pricing and product range, using a larger balance sheet to sharpen terms in the competitive UK bridging finance market.
Read more: Bridging Loan Directory
Image credit: Generated with Gemini
