Investec

Investec reduces resi and BTL mortgage rates by up to 0.55%

Investec Bank has made reductions to its residential and buy-to-let (BTL) tracker range by up to 0.55%.

It also added a 6-year tracker product to complement its existing suite of 2-year and lifetime trackers.

Rates on the 2-year tracker range start at 0.94% over the Investec Bank base rate (IBBR) currently (5.25%) at 65% LTV with a 2-year BTL tracker rate up to 70% loan-to-value (LTV) at 1.39% over IBBR.

Fixed rates now start at 5.74% for a 2-year or 5.57% for a 5-year at 65% LTV for residential mortgages, and 6.19% for 2-year and 6.02% for a 5-year for BTL mortgages.

The range comes with no early repayment charges (ERCs) on its tracker range for owner-occupier, 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 [high net worth] 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.”

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