The addition of Investec Professional Mortgages will give advisers access to a range of competitive products aimed primarily at company directors and partners of professional practices as well as senior executives, managers or business.
The range contains fixed rate residential and buy-to-let mortgages, starting at 3.19 per cent, allowing professionals to borrow up to 80 per cent loan-to-value, and a range of first-time buyer products up to 85 per cent LTV.
The minimum income requirement is £50,000 for qualified professionals and £75,000 for business professionals. The minimum loan for residential products is £100,000 and £35,000 for buy-to-let. The maximum loan is £1m for both these products.
John Cupis, managing director, mortgages at Sesame Bankhall Group, said:
“We are very pleased to be one of the distributors chosen by Investec to allow our advisers in the Sesame network to have access to the specialist products that their proposition brings to the market.”
Alex Hammond from Investec Specialist Bank says:
“This new range of mortgages is for qualified professionals and business professionals who require the certainty of a lender that is able to consider their individual circumstances and all aspects of their income when making a lending decision. We are really happy that we are able to offer our specialist approach to product and service provision in this market to even more intermediaries under this new distribution agreement.”
