Investec Bank has introduced a series of reductions across its high-net-worth mortgage products, stating that the measures follow the recent Budget, which has provided the policy clarity many wealthy borrowers had been waiting for.
The bank said clearer forward guidance on tax has eased the hesitation that had slowed major property decisions, and it expects this to encourage buyers to re-engage with the market.
Investec confirmed that residential and buy-to-let 2-year fixed rates have been reduced by 0.20%, starting from 4.25% for residential and 4.65% for buy-to-let.
The lender has also reduced its residential and buy-to-let 3-year and 4-year fixed rates by 0.15%, now from 4.30%.
Residential and buy-to-let 5-year fixed rates have fallen by 0.05%, now from 4.35%, while 5-year tracker rates have been reduced by 0.05% to 0.75% plus IBBR.
The lender said the pricing adjustments will help brokers working with clients who have large or complex borrowing requirements, as even marginal movements can affect the structure of a transaction.
The expanded rate options are intended to support intermediaries who rely on Investec’s specialist underwriting, responsiveness and tailored approach for high-net-worth customers.
Peter Izard, head of intermediary business development at Investec Bank, said: “We are pleased to announce our latest rate reductions, introduced at a time when clarity is returning to the market and clients are increasingly ready to take advantage of improved conditions.
“These changes reflect our commitment to working closely with brokers, ensuring they have competitive pricing and the highest levels of support as their clients re-enter the market.
“Combined with our bespoke underwriting and speed of decision-making, these enhancements continue to deliver an out of the ordinary experience for both brokers and their clients.”
Investec offers residential and buy-to-let mortgages tailored to high-net-worth individuals, providing loans of up to £10m with a variety of fixed and variable rate structures from two to five years.
“Lending is assessed on the client’s overall financial position rather than salary alone, with options reaching up to 95% loan-to-value.
“The bank also provides remortgage products with no requirement for clients to hold an investment relationship, and said it remains focused on competitive pricing, responsive service and supporting brokers with complex, high-value borrowing needs.
