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Sunday, April 22, 2018

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Investec simplifies mortgage range

Martin Greenland | 4:59 Wednesday 11th April 2018

Investec Private Banking has simplified its residential owner-occupier and buy-to-let mortgage ranges.

The specialist bank has also made rate reductions on its lifetime tracker and some selected fixed rates.

Mortgages are available on multi-part (fixed, tracker, interest-only, capital repayment and differing terms), and overpayments of up to 10% pa are also permitted on all fixed rates and are unlimited on tracker rates.

New product highlights include:

  • 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%

In addition, 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.

“By simplifying and strengthening our mortgage proposition we have clearly positioned Investec Private Banking as the ‘go-to’ lender for high-net-worth borrowers,” said Peter Izard, business development manager at Investec Private Banking (pictured above).

“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.”

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