Investec reduces its BTL tracker mortgage range rates by up to 25bps
By Elliot TophamInvestec Bank has announced rate reductions across its BTL tracker mortgage range of up to 25bps.
Section: Consumer
The bank has also added a two-year tracker rate across the range to complement its current lifetime tracker products — with rates starting at 0.99% over the current Investec Bank Base Rate (IBBR) of 4.50%, at 65% LTV with a two-year BTL tracker rate up to 70% LTV at 1.49% over IBBR.
Peter Izard, business development manager at Investec (pictured above), said: “By simplifying and strengthening our mortgage proposition we have positioned Investec as a lender [suited to] high-net-worth borrowers.
“Our selective rate cuts in our tracker rates offer our clients extensive choice and flexibility to meet their complex lending needs.”
Keywords: LTV, rate reductions, short term financing, mortgage lenders, buy to let mortgage, Investec, Peter Izard, tracker rate