Investec Bank has announced a range of cuts to its high net worth mortgage tracker rates, with reductions of up to 58bps for selected products.

Key changes include, for tracker mortgages: a two-year variable 85% and 90% LVT has beem reduced by 30bps; and five-year variable 85% and 90% LTV have been reduced by 58bps.

And for buy to let mortgages, Investec’s five-year variable 70% LTV has been reduced by 42bps.

As a result of these changes,  new fees apply. Residential mortgage arrangement fees have reduced from 1.00% to 0.50%.

Self-Build arrangement fees have reduced from 1.50% to 1.00%. And the arrangement fee cap has now been capped at £50,000 for owner-occupied, £75,000 for self-build.

Commenting on the product changes Investec head of intermediary business development  Peter Izard said: “These changes demonstrate our commitment to listening to our brokers and continuously seeking ways to enhance our offerings.”

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