"The introduction of our new 60% LTV rate not only broadens the options available to brokers but also reflects our dedication to delivering tailored solutions that effectively meet their clients' growing needs."
- Peter Izard, head of intermediary business development at Investec
Investec Bank has introduced a new 60% LTV buy-to-let mortgage offering aimed at high net worth (HNW) individuals.
This complements Investec’s current 70% LTV offering and follows the launch of a new 60% LTV residential mortgage product in September, along with reductions of up to 0.62%.
In its 60% LTV range, two and five-year trackers are available at 0.95% and 1.48% + Investec Bank Base respectively. Two-year fixed rates start from 4.87%, three-year fixes from 4.84%, four-year fixes at 4.89%, and five-year fixes at 5.03%.
Recent findings from an Investec survey of HNW mortgage brokers revealed that a significant majority (81%) expressed optimism about their business growth over the coming year.
Peter Izard, head of intermediary business development at Investec Bank, said: “Our recent Investec survey reinforced our commitment to supporting mortgage brokers by actively listening to their needs and evolving our proposition to help them stay ahead of the growing demands of their high net worth clients. The survey revealed that brokers identified a key concern: the ability to incorporate a diverse range of income — such as investment returns or bonuses — into affordability calculations. Investec is committed to understanding each client’s entire financial situation and can lend against more than just basic salary, including share and carry income in our lending decisions. Our commitment to clients extends beyond the speed of the initial lending decision, and our out of the ordinary levels of service ensure that our clients receive the long term support they require.
"The introduction of our new 60% LTV rate not only broadens the options available to brokers but also reflects our dedication to delivering tailored solutions that effectively meet their clients' growing needs.”
