"We look forward to assisting our intermediary partners and their clients in providing our wholly bespoke HNW mortgage offering."
- Peter Izard, head of intermediary business development at Investec
Investec Bank has announced changes to its residential and buy-to-let tracker range with rate reductions of up to 0.55%.
As well as its rate reductions it has also added a new five-year tracker product to complement its existing suite of two-year and lifetime trackers.
Rates on the two-year tracker range will now start at 0.94% over Investec Bank Base Rate (IBBR) - currently 5.25% - at 65% LTV with a two-year buy-to-let tracker rate up to 70% LTV at 1.39% over IBBR.
Fixed rates now start at 5.74% for a for two years or 5.57% for five years at 65% LTV for residential cases and 6.19% fixed for two years and 6.02% for five years for buy-to-let mortgages.
The range comes with no early repayment charges on its entire tracker range for residential, revolver and self build cases.
Peter Izard, head of intermediary business development at Investec Bank, said: “We are delighted to pass on reduced pricing over a selection of our product range. We look forward to assisting our intermediary partners and their clients in providing our wholly bespoke HNW mortgage offering.
"Our selective rate cuts in our tracker rates offer our clients extensive choice and flexibility to meet their complex lending needs. Our private bankers offer a bespoke underwriting service, together with no requirements for assets under management, Investec remains a leading provider of finance to the high net worth market.”
