Investec Bank has made a range of reductions across its high-net-worth mortgage products. 

Residential and buy-to-let (BTL) two-year fixed rates have been cut by 20 basis points, now starting from 4.25% for residential products and 4.65% for buy-to-let (BTL).

Fixed rates on three- and four-year residential and BTL products have been reduced by 15bps to start from 4.30%.

The bank has also lowered five-year fixed rates on residential and BTL products by 5bps to start from 4.35% and five-year tracker rates on residential and BTL by 5bps to start from 0.75% + IBBR.

Investec says the rate reductions particularly help brokers meet the needs of their clients with large or complex borrowing needs.

Investec Bank head of intermediary business development Peter Izard says: “We are pleased to announce our latest rate reductions, introduced at a time when clarity is returning to the market and clients are increasingly ready to take advantage of improved conditions.”

“These changes reflect our commitment to working closely with brokers, ensuring they have competitive pricing and the highest levels of support as their clients re-enter the market.”

Meanwhile, Halifax for Intermediaries has made price changes up to 0.17%. 

The lender’s homemover first-time buyer products have been lowered by as much as 0.17% on two-year fixes and up to 0.13% on three-year fixes. 

Remortgage products have also been trimmed. These include reductions of up to 0.11% on two-year fixed rates with a fee of £1,999, up to 0.12% on selected two-year fixed rates with no fees and fees of £999 and increases of up to 0.15% on selected five-year fixed rates.

Halifax for Intermediaries has also increased rates on product transfers and further advanced products. Two-year fixed rates have gone up by up to 0.12% while five-year fixed rates have risen by as much as 0.15%.