The lender, which specialises in high income borrowers and larger loans, as well as mortgages for qualified professionals, has introduced new 5-year fixed rates on its Residential range and cut the completion fee on its Buy to Let products.
Investec Professional Mortgages launched in February this year and has already gained traction in the market through its specialist products and commitment to provide intermediaries with direct access to key decision makers.
This launch sees rates on its Residential range cut by up to 0.30% and prices on its Buy to Let products reduced by up to 0.40%. In addition, the Completion Fee on Investec's Buy to Let mortgages has been cut by 1% to 1.5%. And, in response to market demand, 5-year fixed rates have been launched up to 75% LTV on the Residential range.
Alex Hammond, Investec Specialist Bank, said:
"We have already seen that mortgage intermediaries want to speak to key decision makers when it comes to their high income clients, and we know there is demand for a lender that is able to consider all elements of a borrower's variable income, so we are excited about making our mortgages even more attractive by cutting rates right across the range."
