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Investec launches 10-year BTL fixed rate product

Theo Osborn | 12:52 Tuesday 21st August 2018

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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