Borrowers of the Private Banking Mortgage need a minimum income of £300,000 which can include salary, bonus, vested stock and carried interest.
Loan sizes are available from £250,000 up to £10 million (maximum £5 million for fixed rates), to a maximum of 85% LTV.
New three-year fixed rates start from 2.59% to 60% LTV, 2.89% to 75% LTV, 3.29% to 85% LTV.
Five-year fixes are available at 2.99% to 60% LTV, 3.29% to 75% LTV, 3.59% to 85% LTV.
Peter Izard, Business Development Manager at Investec Private Banking, said:
“By simplifying and strengthening our mortgage proposition we have clearly positioned Investec as the ‘go to’ lender for high net worth borrowers.
“Our target market is borrowers with a minimum income of £300,000 with a net worth of approximately £3 million. Applicants do not need to have assets held under management with Investec Private Banking and all loan applications are individually assessed by a dedicated Private Banker.”
