Investec Bank has introduced changes to its residential and buy-to-let (BTL) tracker range with rate reductions of up to 0.25%.
The bank has also added a new 2-year tracker rate for both residential and BTL which will complement its current lifetime tracker range.
Rates on the new 2-year tracker will now start at 0.99% over Investec Bank Base Rate (IBBR) currently (4.50%) at 65% loan-to-value (LTV) with a 2-year BTL Tracker rate up to 70% LTV at 1.49% over (IBBR).
Peter Izard (pictured), business development manager at Investec Private Banking, said: “The number of high-net-worth individuals in the UK is growing, and we recognise that these clients have unique and often complex circumstances that require a specialist and bespoke approach.
“By simplifying and strengthening our mortgage proposition we have clearly positioned Investec as the ‘go to’ lender for high net worth borrowers.”
As well as the above changes Investec has also removed early repayment charges (ERCs) on its entire tracker range for owner-occupier revolver and self-build cases.
This will ensure that clients have total flexibility if they select a tracker rate to maximise their financial planning opportunities.
Izard said: “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.”
