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Investec adds fixed rate mortgages to range

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  • 27/04/2015
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Investec adds fixed rate mortgages to range
Private bank Investec has added a range of three and five-year fixed rate mortgages for qualified professionals requesting large loan sizes.

Highlights from the range include a three-year fixed rate mortgage at 2.39% available up to 60% loan-to-value (LTV) and a five-year fixed rate at 2.89% available up to 75% LTV.

Both products can be used for purchases, remortgages or capital raising and come with a fee of £1,500.

The range is for qualified professionals earning over £75,000 a year wanting to borrow between £250,000 and £1m. Borrowers don’t need to bank with Investec or have assets under management to apply for a mortgage and the products are available through brokers across England and Wales.

Peter Izard (pictured), business development manager at Investec Private Bank, said: “We understand the needs of borrowers seeking larger loans and our experienced underwriters, who individually assess every application, are able to take into consideration the more complex financial circumstances of higher earning borrowers.”

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