Investec Private Banking has cut its mortgage rates by up to 0.6% in response to the recent cut to interest rates.
Following the recent reduction of 0.25% lifetime tracker rates have also been cut by up to 0.25%.
New mortgage rates, which come into effect immediately, start at 2.14% for a 3-year fix up to 60% loan-to-value or 2.39% for a 5-year fix up to 60% LTV.
Investec variable rate is also reduced to 3.74%, with Investec Bank Base Rate (IBBR) also reduced to 0.25%.
New lifetime tracker and fixed rates have also been added to the range at 70% and 80% LTV bands to offer further choice and flexibility.
Peter Izard, business development manager at Investec Private Banking, said: “We’re delighted to take this opportunity to make our mortgage offering even more competitive for borrowers seeking larger loans. All mortgages are individually underwritten and borrowers don’t need to have existing assets under management with Investec Private Bank.”