By using this website, you agree to our use of cookies to enhance your experience.


Investec slash buy-to-let mortgage rates by up to 1%

Investec Private Bank announced yesterday that it will be introducing a range of new loan-to-value (LTV) bands across its buy-to-let products with borrowing rates cut by up to 1%.

According to the lender, the new buy-to-let mortgage rates will start from 2.5% plus three-month Libor at 50% LTV. Investec is also launching a 60% LTV from 2.75% and a 70% LTV at 3.10%.

Investec Private Bank provides both buy-to-let and residential mortgages to those looking to borrow between £250,000 and £10m, who have a minimum annual income of £300,000 and net assets of at least £3m.


Peter Izard, business development manager at Investec Private Banking, commented: “Despite recent tax changes, the buy-to-let market remains an attractive proposition for investors. We’re delighted to be announcing these significant rate cuts today, which will be a real boost for landlords seeking larger loans.”

Investec is the latest in a long line of lenders to cut their buy-to-let mortgage rates in recent days, as fierce competition returns to the lending market.

Santander has reduced its rates by up to 0.25% on selected fixed products, Virgin Money’s array of rate reductions mean that their buy-to-let rates at 75% LTV now start from 2.19%, NatWest has reduced its standard buy-to-let two-year fixed range for purchase and remortgage products by 19-23 bps, while TSB has launched a range of new fixed rate buy-to-let mortgage products with interest rates lowered on certain products by up to 0.4%.

Meanwhile, Accord Buy to Let last week announced plans to expand into the consumer buy-to-let and first-time landlord markets over the next few months.

“Despite the uncertainty in the buy-to-let arena we believe that it will remain a robust market,” said Chris Maggs, Accord Buy to Let’s commercial manager. 

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up