Investec Bank has announced changes to its complete range of fixed rates for residential and buy-to-let mortgages with reductions of up to 54 basis points (bps).

Fixed rates now start from 5.34% for a two-year fix or 5.06% for five-years at 65% LTV for residential cases.

For buy-to-let mortgages, the corresponding rates are 5.79% for a two-year fix and 5.51% for five years.

The loans come with added flexibility of 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: “As the interest rate picture improves, we are delighted to continue to pass on reduced pricing over our entire fixed rate product range.

“We look forward to assisting our intermediary partners and their clients via our bespoke mortgage offering for high net worth individuals.

“As a leading provider of finance to the high net worth market, we know that these individuals have complex lending needs and so we have designed into our offer the choice and flexibility they require.

“Investec’s private bankers offer a bespoke underwriting service, together with no requirements for assets under management.”