Investec announces new 60% LTV BTL mortgage for high net worth clients
Investec Bank plc (Investec), a leading international financial services provider, today announces the introduction of a new 60% loan-to-value (LTV) buy-to-let (BTL) mortgage offering aimed at high net worth (HNW) individuals. This complements Investec’s current 70% LTV offering and follows the launch of a new 60% LTV residential mortgage product in September, along with reductions of up to 0.62%.
Rates across 60% and 70% LTV BTL range
Recent findings from an Investec survey of HNW mortgage brokers revealed that a significant majority (81%) expressed optimism about their business growth over the coming year. This optimism reflects the increasing role brokers can play in providing financing solutions to HNW clients, particularly as these clients seek to secure funding based on a diverse range of non-salaried income sources. By effectively addressing these complex financing needs, brokers can not only meet their clients’ financial requirements but also enhance their own business growth.
Peter Izard, head of intermediary business development at Investec Bank, said: “Our recent Investec survey reinforced our commitment to supporting mortgage brokers by actively listening to their needs and evolving our proposition to help them stay ahead of the growing demands of their high net worth clients. The survey revealed that brokers identified a key concern: the ability to incorporate a diverse range of income — such as investment returns or bonuses — into affordability calculations. Investec is committed to understanding each client’s entire financial situation and can lend against more than just basic salary, including share and carry income in our lending decisions. Our commitment to clients extends beyond the speed of the initial lending decision, and our out of the ordinary levels of service ensure that our clients receive the long term support they require.
The introduction of our new 60% LTV rate not only broadens the options available to brokers but also reflects our dedication to delivering tailored solutions that effectively meet their clients’ growing needs.”
