Investec Bank has cut its variable mortgage rates within its residential and buy-to-let (BTL) product ranges, with reductions reaching up to 0.58% on certain products.
The 2-year variable tracker mortgages at 85% and 90% loan-to-value (LTV) have been reduced by 0.30%.
Meanwhile, the 5-year variable tracker mortgages at the same LTVs have seen a 0.58% reduction.
Additionally, the 5-year variable BTL mortgage at 70% LTV has been cut by 0.42%.
Peter Izard (pictured), head of intermediary business development at Investec Bank, said: “We are pleased to announce our latest reductions, which follow our recent cuts to residential mortgage fees and cap on arrangement fees.
“These changes demonstrate our commitment to listening to our brokers and continuously seeking ways to enhance our offerings.
“As a result of these reductions, we are now even more competitive in the market.”
Izard added: “These enhancements not only complement our high levels of service and speedy decision-making but also deliver an out of the ordinary experience for both brokers and their clients.”
Ian Gray, director at Gray Advisory, said: “Investec’s recent reductions in fees and rates truly position them as a standout choice in the market for high net worth clients.
“Their proactive approach to listening to the broker community has resulted in a more competitive and cost-effective proposition, complemented by their speedy execution.
“With these enhancements, I believe that Investec should be the first port of call for brokers looking to provide exceptional value to their clients in the large loan sector.”
