Investec Bank has announced changes to its residential and buy-to-let tracker range with rate reductions of up to 0.25%.
The bank has also added a new two-year tracker rate for both residential and buy-to-let range which will complement its current lifetime tracker range.
Rates on the new two-year tracker will now start at 0.99% over Investec Bank Base Rate (IBBR) currently (4.50%) at 65% LTV with a two-year buy-to-let tracker rate up to 70% LTV at 1.49% over (IBBR).
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.
Mortgages are available on multi-part (fixed, tracker, interest only, capital repayment & differing terms). Overpayments of up to 10% per annum are also permitted on all fixed rates.
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.
“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.”
