Rate reductions go as high as 0.54%
Investec Bank has repriced its entire range of fixed rates for residential and buy-to-let mortgages with reductions of up to 54 basis points (bps).
The lender’s fixed rates now start from 5.34% for a two-year fix and from 5.06% for a five-year option at 65% loan-to-value (LTV) for residential cases.
For buy-to-let mortgages, the lowest rates are 5.79% for a two-year fix and 5.51% for a five-year deal.
Also, there are no early repayment charges (ERCs) on Investec’s entire tracker range for owner-occupier, revolver, and self-build cases.
“As the interest rate picture improves, we are delighted to continue to pass on reduced pricing over our entire fixed rate product range,” Peter Izard (pictured), head of intermediary business development at Investec Bank, said. “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.”
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