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Investec simplifies mortgage range and announces selective variable and fixed rate reductions
10 April 2018
Investec Private Banking is simplifying its residential owner-occupier and Buy-to-Let (BTL) mortgage ranges as well as making rate reductions on its lifetime tracker and some selected fixed rates.
The new product features the following highlights:
- Residential lifetime tracker rate reductions up to 0.70%
- Fixed rate reductions up to 0.40% on up to 80% LTV
- No changes above 80% LTV
- Simplification of LTV bandings
- BTL Tracker rate reductions of 0.81%
- BTL fixed rate reductions up to 0.50%
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 and are unlimited on tracker rates (early repayment charge may apply if loan is paid in full).
At the same time Investec Private Banking has removed all transactional fees (excluding external and arrangement fees). These include fees such as CHAPS, duplicate statement fees, security release fees and others.
Peter Izard, Business Development Manager at Investec Private Banking, said: “By simplifying and strengthening our mortgage proposition we have clearly positioned Investec Private Banking as the ‘go to’ lender for high net worth borrowers.
“Our selective rate cuts in both variable and fixed 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 Private Banking remains a leading provider of finance to the high net worth market.”
Brokers can find out more about Investec Private Banking’s mortgages by visiting www.investec.co.uk/intermediary or by phoning 0207 597 4050.