Financial adviser group Tenet has added Investec to its lending panel.

Banking and wealth management firm Investec specialises in mortgages for high net worth individuals, typically those with an income of £300,000 and a net asset value of £3m.

It says its clients are centred around financial professionals, entrepreneurs, private equity and others “whose income can often be complex, including foreign currency and ‘lumpy’ income”.

The bank adds: “Their income, financial assets, reputation and track record are all taken into account when assessing a lending enquiry.”

Investec head of intermediary business development Peter Izard says: “The number of high net worth individuals in the UK is growing, and we recognise that these clients have unique and often complex circumstances that require a specialist and bespoke approach.

“The addition of Investec to the Tenet panel means that appointed representatives of the network now have access to an entirely new option and this opens up new opportunities for advisers and their clients.”

Tenet director of strategic development Ben Wright adds: “Private bank lending offers something quite different to the traditional approach of high street lenders and we feel that the addition of Investec to our panel is a real positive for our advisers, many of whom have high net worth clients that will value Investec’s bespoke approach to lending.”