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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