According to the lender, the new BTL mortgage rates will start from 2.50% + 3 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 designed specifically for borrowers requiring between £250,000 and £10m, who have a minimum annual income of £300,000 and net assets of £3m or more.
Last week, Investec cut its residential mortgage rates by up to 0.6%, as well as reducing lifetime tracker rates by 0.25% following the Bank Base Rate cut. New rates at 60% LTV include a three-year fix at 2.14% and a five-year fix reduced by 60bps to 2.39%.
Peter Izard, Business Development Manager at Investec Private Banking, said: “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.”
