Key lending rates

The Investec Bank plc Base Rate (IBBR) is a variable managed rate set by Investec that has historically tracked the Bank of England’s Bank Rate (“BoEBR”).

There may be circumstances in the future where they diverge due to either a change in our funding costs, or a change in law or regulation or a decision by a court, regulator, ombudsman or government that we have to follow.

Bank of England Bank Rate history: www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

Private Bank Security Account rate is a variable managed rate set by Investec. The rate of interest payable on any sums that are required to be held by the bank as security as part of your mortgage agreement, this will be outlined in your offer document.