Investec cuts fixed rates
On the bank’s professional mortgages range, for workers earning over £75,000, Investec is offering 3-year fixes at 3.49% to 60% loan-to-value, 2.79% to 75% LTV and 3.19% to 85% LTV.
The bank is also offering 5-year fixes at 2.79% to 60% LTV, 2.99% to 75% LTV and 3.49% to 85% LTV.
Clients can borrow between £250,000 and £1m for purchase, remortgage or capital raising, while every application is individually assessed by a private banker.
Peter Izard, business development manager at Investec Private Banking, said: “I’m sure these new lower fixed rates will be welcomed by both brokers and their professional clients. With 3-year fixes now starting at just 2.49% we’re anticipating a lot of interest.”