Investec Private Bank has developed a 10-year buy-to-let fixed rate product.
The new product has been launched with a rate of 3.69% and allows borrowers to overpay up to 10% per annum without an early repayment charge.
The 10-year product complements Investec’s existing buy-to-let range which includes two-, three-, four- and five-year fixed rates.
Peter Izard, business development manager at Investec Private Bank (pictured above), said: “Despite uncertainty in the buy-to-let market and the potential impact of Brexit, it continues to show resilience and the fundamentals remain compelling.
“We have seen high-net-worth clients reassessing their strategies and adjusting their portfolios, enabling the asset class to continue providing them with long-term capital potential, although possibly with slower growth.
“Our high-net-worth clients often have more complex lending needs than typical borrowers and may require a mortgage specifically designed for their unique requirements.”
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