Investec Bank has halved residential mortgage fees for new high-net-worth client cases.  

The lender says its residential mortgage fees have been cut to 50 basis points from 1%, while arrangement fees have been capped at £50,000 for owner-occupiers. 

Key changes include: 

Residential mortgage arrangement fees —

• Reduced to 50bps from 1%  

Self-build arrangement fees — 

• Reduced to 1% from 1.5%  

Arrangement fee cap —

• Now capped at £50,000 for owner-occupied and £75,000 for self-build 

Investec offers loans of up to £10m with flexible terms, including fixed and variable rates for two to five years.  

Repayment options include capital and interest, interest-only, and part and part, with terms up to 35 years.  

The lender considers a client’s full financial profile, not just salaries, allowing for up to 95% loan-to-value in some cases. Clients do not need to have an investment portfolio with the bank to apply for loans. 

Investec Bank head of intermediary business development Peter Izard says: “We have listened to our brokers and, in response to their feedback, have reduced arrangement fees.  

“This means that clients not only pay less to arrange their mortgages but also that those with larger loans will benefit from a fixed fee rather than paying a percentage.   

“Brokers play a crucial role in navigating the complexities of high net worth lending.   Our goal is to equip them with a range of products tailored to their clients’ specific needs.   

“By considering a broader range of assets in our mortgage decisions, we can help clients secure the funding they require.”