Investec has reduced its residential stress rates by up to 2.10%. As a result, high net worth clients applying for a mortgage from Investec may now be able to borrow between 10% and 30% more, depending on individual circumstances and subject to affordability checks and loan-to-income limits.
Commenting on the changes, Investec Bank’s head of intermediary business development Peter Izard said: “These changes will enable our clients to secure the property they want by increasing their borrowing capacity.”
He added: “In response to the recent FCA guidance, we have now reduced our stress rates, allowing high-net-worth clients to access higher loan amounts. This ensures that Investec continues to serve our clients with the service and flexibility they need to fulfil their lending aspirations.”
