Our mortgages are provided by Investec Bank plc, 30 Gresham Street, London EC2V 7PG and can be used to finance the purchase or refinance (including additional borrowing) of your main residence or a second home (such as a holiday home).
Our mortgages can also be used to fund the self-build or renovation of your main residence or a second home. We have buy-to-let mortgages for property that is not your main residence or a second home.
We provide a wide range of tailored mortgage solutions. If you would like an illustration which addresses your specific mortgage needs, talk to a private banker today.
We require a first legal charge on the property which must be in the UK and owned by you. We may require additional security from you depending on your circumstances.
We will confirm our security requirements once we have assessed your mortgage application. For buy-to-let mortgages, the property must be let out by you to tenants who intend to occupy it for residential purposes only. It is a requirement that the property must not be occupied at any time by you or by a related person. In addition, you must enter into a written tenancy agreement with your tenants.Other terms and conditions apply in relation to your letting the buy-to-let property. Please contact a private banker for further details.
The mortgage term can extend to a maximum of 25 years. Your regular mortgage instalments may be on a monthly, quarterly, bi-annual (six monthly) or annual basis. So for example, on a 10-year mortgage you would make 120 monthly instalments, 40 quarterly instalments, 20 bi-annual instalments, or 10 annual instalments. Where we provide you with an illustration, it will detail the amount of your regular mortgage instalments according to your specific mortgage needs.
Where you have a repayment mortgage, your mortgage instalments will reduce the outstanding balance throughout the term.Where you have an interest-only mortgage, the amount of interest you pay with your mortgage instalments will vary according to the number of days in each interest charging period.In either case, the amount of your mortgage instalments will change in line with interest rate changes.