Octane Capital has announced the appointment of Dominic Sheahan as senior business development manager.

Sheahan (pictured) joins from Kent Reliance for Intermediaries where he held a similar field-based role.

Prior to that he worked at Metro Bank for two years as a business development manager.

Octane has expanded from an initial team of three to 20 in just over a year, with more senior hires to be announced in the months ahead.

Sheahan said: “Octane are a small, dynamic team and exude an energy that you don’t see much in the property finance market. Their third generation lending model is being embraced by a growing number of brokers and my goal is to ensure it becomes the default setting for those operating out of the South West.

“The property and property finance markets are both changing and with their product-less lending Octane have shown that they can adapt to that change. It’s an exciting time and a highly exciting business to be a part of.”

Mark Posniak, managing director of Octane Capital, added: “Dominic is one of the most respected people in his field, with a proven track record and a network of brokers that is second to none. As a lender we are increasingly looking to build our book outside the capital and the South West is one of the most active regions at present.

“With Dominic, we will have an exceptional foothold in that area of the country as we seek to scale up our lending and make the third generation of lending the only generation.”