Investec has launched a new BTL mortgage range, which is intended to appeal to high net worth borrowers looking to invest in London's prime market.
Investec Private Banking has just launched a new range of buy-to-let mortgages intended to appeal to high net worth individuals who want to invest in prime central London.
The mortgage offers, which consist of two, three, four and five-year fixed rate deals, will be available to individual residential landlords and landlords who have transferred their property into a limited company.
There has been a rise in the number of landlords transferring their properties into limited companies as a result of changes affecting the buy-to-let market, such as to mortgage interest tax relief.
Investec Private Banking's Business Development Manager, Peter Izard, said: "We’re delighted to be expanding our buy-to-let range by offering brokers and their clients a choice of competitive fixed rates or trackers".
He continued: "Our proposition is designed to appeal to high net worth borrowers, particularly those looking to acquire rental property in the higher value prime central London and South East property markets."
This move from Investec Private Banking follows a similar one by Paragon Mortgages, which has also revised and updated its range of buy-to-let mortgages, which should help landlords in a tougher market.
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