Investec confirms mortgage rate reductions of up to 0.25% and removal of early repayment charges

by Aaron Strutt

May 20 2023

Investec Bank has lowered the price of its residential and buy-to-let tracker mortgage range with rate reductions of up to 0.25%.

The bank has added a new two-year tracker priced at 0.99% over the Investec Bank Base Rate (IBBR), currently 4.50%. Applicants will need to earn over £300,000 a year or have a net asset value of £3 million or more to qualify, they will also need a 35% deposit.

The new two-year buy-to-let tracker rate is available to those with a 30% deposit, which is 1.49% over (IBBR).

Investec removes tracker rate mortgage exit fees

Investec has also removed early repayment charges for owner-occupier revolver and self-build cases on its tracker range.

This will ensure clients have more flexibility if they select a tracker rate to maximise their financial planning opportunities. More wealthy borrowers are taking shorter-term deals rather than longer-term fixes in the hope rates will come down again.

Mortgages are also available on its multi-part (fixed, tracker, interest only, capital repayment & differing terms). Overpayments of up to 10% per annum are permitted on all fixed rates.

Aaron Strutt, product director at Trinity Financial, says: “Investec is known for offering high net worth individuals often with unique and complex circumstances bespoke mortgages. 

“The bank is offering more competitively priced rates than a few months ago and is keen to attract wealthier individuals. Investec has helped many of our clients with smaller deposits or  complex incomes, as well as those buying unusual properties.”

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

The information contained within was correct at the time of publication but is subject to change

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