Investec provides custom-built mortgages of £1m or more. It takes into account a client’s income, affordability and also their earning potential as opposed to just the value of the mortgaged property.
This enables it to develop mortgages that are designed around the individual circumstances of the client, which includes scheduling repayments and to a timescale that suits them.
Aimed at owner-occupied, second home or investment properties, Investec also provide lending to a variety of onshore and offshore structures including special purpose vehicles and trusts, single foreign currency for UK property purchases and bridging facilities.
Martyn Smith, head of mortgage products at L&G network, said: “I am delighted that we have agreed this new partnership with Investec.
“This allows us to widen out proposition to offer greater flexibility and choice for our members who require lending at the upper end of the market or who have more complex requirements.”
Jack Jones, head of specialised banking lending at Investec, added: “Teaming up with L&G network is an exciting development for us.
“The super-prime residential market is performing well at the moment and with our flexibility and focus on the client as opposed to the property, providing mortgage to this market is a huge opportunity for us.”
