Investec Bank has cut rates on residential and buy-to-let tracker ranges by up to 71 basis points.
The private bank says rates on its two-year tracker range now start at 84bps over Investec Bank’s base rate, currently 5.25%, at 65% loan to value.
Two-year BTL tracker rates at up to 70% LTV, start at 1.34% over Investec Bank base rate.
The lender adds that residential fixed-rate offers now start at 5.99% for a two-year term, or 5.69% for five years at 65% LTV.
For BTL mortgages, offers start at 6.49% for two-year fixes and 6.19% for five-year products.
There are no early repayment charges on the entire tracker range for owner-occupier revolver and self-build cases.
The firm says: “This will ensure that clients have total flexibility if they select a tracker rate to maximise their financial planning opportunities.”
Mortgages are available as multi-part options, such as fixed, tracker, interest-only, capital repayment and differing terms.
Overpayments of up to 10% a year are permitted on all fixed-rate deals.
Investec Bank head of intermediary business development Peter Izard says: “We look forward to assisting our intermediary partners and their clients in providing our wholly bespoke high-net-worth mortgage offering.
“Our selective rate cuts in our tracker rates offer our clients extensive choice and flexibility to meet their complex lending needs.
“Our private bankers offer a bespoke underwriting service, together with no requirements for assets under management, Investec remains a leading provider of finance to the high-net-worth market.”