Investec Private Banking has simplified its mortgage range and reduced rates by as much as 0.81 per cent.
The bank has moved all transactional fees, excluding external and arrangement fees, for borrowers and cut rates on both variable and fixed rate products for owner-occupier and buy-to-let mortgages.
For residential mortgages, Investec has reduced its lifetime tracker rate by up to 0.7 per cent and its fixed-rate range by up to 0.4 per cent.
On buy to let products, the lender has reduced tracker rates by up to 0.81 per cent and fixed-rates by up to 0.5 per cent.
But the changes only apply on loans up to 80 per cent loan to value.
Investec mortgages are available to individuals with a net worth of at least £3million and minimum annual earnings of £300,000.
Peter Izard, business development manager at Investec Private Banking, said: "By simplifying and strengthening our mortgage proposition we have clearly positioned Investec Private Banking as the ‘go to’ lender for high net worth borrowers, offering clients extensive choice and flexibility to meet their complex lending needs."
