Investec improve their residential mortgage rates
Investec has improved a host of their residential mortgage rates by up to 0.40%.
Their lowest two-year fix is available to borrowers with a 35% deposit at 2.89% and it has a £1,249 arrangement fee for mortgages up to £500,000. The fee is slightly higher for mortgages up to and over £1 million.
To qualify for a mortgage with Investec, they require business professionals to have a minimum income of £75,000 each year and qualified professionals require earnings of at least £50,000 a year.
Investec specifically target professionals with at least a 15% deposit. They will also lend on second homes providing clients will use it themselves or let the property to a close family member.
Investec's standard variable rate is LIBOR +3.84% (currently 4.84%).
If you would like help to secure a mortgage, call us on 020 7016 0790.
August 23, 2013
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