Investec Private Banking has created the new Investec Private Banking Mortgage range by merging its professional and million plus mortgages.
The new product includes a lifetime tracker and three and five-year fixed rates up to 85% loan to value. Brokers can earn a procuration fee of up to 0.5%.
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The new range will target borrowers with a minimum income of £300,000 having a net worth of about £3m.
The loan amount can range from £250,000 to £10m, and will be capped at £5m for fixed-rate borrowers.
Applicants do not require having assets held under management with the bank.
Investec Private Banking business development manager Peter Izard said: "By simplifying and strengthening our mortgage proposition, we have clearly positioned Investec as the go-to lender for high-net worth borrowers."
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