Investec Private Banking is hoping to attract more high-net-worth individuals actively looking to invest in the buy-to-let market with the launch of a new range of BTL mortgages.
The selection of two-, three-, four- and five-year fixed rate BTL mortgage products on offer have been linked to Investec bank’s base rate rather than three-month libor.
The fixed rate deals, available to individual landlords or those investing via a limited company structure, feature rates starting from 2.69% at 50% loan-to-value (LTV) and are available up to 70% LTV.
The buy-to-let base rate tracker product currently has rates starting from 2.25% over Investec bank’s base rate of 0.25% at 50% LTV with rates also available up to 70% LTV.
Peter Izard, business development manager at Investec Private Banking, said: “We’re delighted to be expanding our buy-to-let range by offering brokers and their clients a choice of competitive fixed rates or trackers linked to Investec bank base rate.
“Our proposition is designed to appeal to high net worth borrowers, particularly those looking to acquire rental property in the higher value Prime Central London and South East property markets.”