Founded in 2000, Octopus helps more than 50,000 customers manage more than £6 billion, through simple, jargon-free savings and investment products. Its property lending team, Octopus Property, has lent billions across thousands of loans, with a near impeccable default rate.
|Loan Type||Short-term property loans|
|Secured on?||Property - with conservative loan-to-value ratios of, at most, 70%.|
|Early Exit Possible?||There's no fixed term. Investors can withdraw at any time, with no charge or loss of interest.|
Interest is paid monthly. Investors can choose to have it automatically re-invested, or paid directly into their bank account.
Octopus Choice Overview
Octopus Choice provides an opportunity to invest, alongside them, in high-quality loans backed by bricks and mortar. All loans are chosen by their lending team, and they invest in every single one – with your money protected ahead of theirs. £10 minimum. Quick and easy. No fixed term.
For those with money to invest, but nowhere they feel comfortable investing it, it could be the choice they’ve been waiting for.
|Who do you lend to?||Typically property professionals who need a level of speed, flexibility and certainty that more traditional lenders can’t generally provide.|
|Who chooses the investment?||They’ll automatically build a portfolio for you, of at least 10 loans.|
|Founded||Octopus Choice was launched in 2016. Octopus was founded in 2000.|
|Provision Fund?||They contribute 5% towards each and every loan. Your money’s protected ahead of theirs.|
|Type of Investor?||Those looking for a simple, easy-to-use alternative to stock market investing.|
|Secondary Market?||Yes; new investors will take the place of those looking to withdraw. If necessary, and provided they can, they’ll buy out those wanting to exit.|
|Tax Relief?||They're launching an ISA version in a few months - initially to existing investors.|
|FCA Regulation?||Fully authorised|