New fixed rates from Investec Private Banking

New fixed rates from Investec Private Banking

Investec Private Banking has unveiled a range of two, four and 10-year fixed rates across its range of residential mortgages and has also cut its other residential mortgages rates by up to 20 basis points.

The fixed rate deals feature rates starting from 1.89% at 60% LTV and lifetime trackers start from Investec bank base rate (currently 0.25%) + 1.84%. 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 two, three, four and five-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.”