Investec Bank has announced changes to its residential and buy-to-let tracker range with rate reductions of up to 0.55%.

In addition, it has also added a new five-year tracker product which will complement its existing suite of two-year and lifetime trackers.

Rates on the two-year tracker range will now start at 0.94% over Investec Bank Base Rate (IBBR) currently (5.25%) at 65% LTV with a two-year buy-to-let tracker rate up to 70% LTV at 1.39% over (IBBR).

Fixed rates now start at 5.74% for a two-year fixed or 5.57% for five-years at 65% LTV for residential cases and 6.19% for two-year fixed and 6.02% for five-year fixed buy-to-let mortgages.

There are no early repayment charges (ERCs) on Investec’s entire tracker range for owner-occupier, revolver and self-build cases.

Peter Izard (pictured), 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 HNW 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.”