Investec launches 2, 4 and 10-year residential rates

Investec Private Banking has launched a range of 2, 4 and 10-year fixed rates across its range of residential mortgages.

Related topics:  Mortgages
Rozi Jones
9th May 2017
Peter Izard
"We believe there is a growing appetite for longer-term fixes, especially here in the Capital, and we expect strong demand for this product."

Rates start from 1.89% at 60% LTV and lifetime trackers start from Investec bank base rate (currently 0.25%%) + 1.84%.

The lender has also cut its other residential mortgages rates by up to 0.2%.

Investec caters for borrowers with a minimum annual income of £300,000 and net assets of typically £3 million or more.

Peter Izard, Business Development Manager at Investec Private Banking, said: “Borrowers have the choice of either traditional 2, 3, 4 & 5 year fixes or a longer 10 year fix. We believe there is a growing appetite for longer-term fixes, especially here in the Capital, and we expect strong demand for this product.

“Our proposition is designed to appeal to high net worth borrowers, particularly those based in Prime Central London and the South East.”

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