Investec Private Bank has cut rates within the 80-85% loan-to-value bracket for both fixed and tracker owner-occupier mortgages by up to 0.50%, with immediate effect.
The rate cuts include: variable, 3, 4 and 5-year fixed rates within this range with reductions in rates of 0.5%, 0.1%, 0.15% and 0.2% respectively.
Peter Izard, business development manager at Investec Private Bank, said: “A primary focus for us as a lender is to continue to adapt and change with the market, helping brokers work with their clients to achieve their goals and ambitions.
“We believe that by updating our mortgage offering, we are one step closer to doing so.
“At Investec Private Bank we are aware that our high net worth clients have unique requirements and often have more complex lending needs than typical borrowers, we therefore pride ourselves on designing individual mortgages on a case-by-case basis.
“We are pleased to announce this reduction in both variable and fixed rates and hope it will enable our clients to have greater choice and flexibility.”