Specialist bank and asset manager Investec has launched Investec Professional Mortgages, a new intermediary-only residential and buy-to-let brand tailored to professional borrowers.
The lender offers individually underwritten residential loans for qualified or business professionals earning from £50,000 to £75,000, or £75,000 for buy-to-let applicants. On the buy-to-let side, to attract larger landlords, the lender will lend up to £5m or six properties to a single landlord, whichever is lowest. Qualifying resi or investor borrowers could include accountants, architects, dentists and lawyers, or senior businessmen like executives, managers or business heads with a strategic say over their firm's direction. The new brand, part of Investec Specialist Bank, will o...
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