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Investec Mortgages has launched a new mortgage designed for borrowers looking to buy a second home or pied-à-terre close to work. The rate is fixed for two-years at 3.44% and it is available to those able to put down a 30% deposit. The arrangement fee is £999 for mortgages up to £500,000 and rises to £1,495 for mortgages up to £1 million. Aaron Strutt, a broker at Trinity Financial, says: “Investec is not the only bank offering second home mortgages, although they are one of a select few. We have access to a lender requiring a 20% deposit and they have lower rates." May 10, 2013

Investec Mortgages has launched a new mortgage designed for borrowers looking to buy a second home or pied-à-terre close to work.

The rate is fixed for two-years at 3.44% and it is available to those able to put down a 30% deposit. The arrangement fee is £999 for mortgages up to £500,000 and rises to £1,495 for mortgages up to £1 million.

Investec’s mortgages can potentially be taken on an interest-only basis.

Aaron Strutt, a broker at Trinity Financial, says: “Investec is not the only bank offering second home mortgages, although they are one of a select few. Many of the high street mortgage lenders will not offer second home mortgages because they are concerned it will be let out.”

If you would like help securing a mortgage, call Trinity Financial on 020 7016 0790 or email us at enquiries@trinityfinancialgroup.co.uk

May 10, 2013
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