Investec sees rise in demand for jumbo mortgages
Investec Private Bank, which offers £1m (€1.2m) plus loans, has seen mortgage lending soar by 45% over the past three months, according to a report in IFAonline.
Compared with the second quarter of last year, Investec’s residential mortgage lending has increased by 45%.
The bank attributed its risk management skills to a focus on the income and assets of a potential borrower, rather than the property they are buying.
“We have a strong and flexible proposition that is tailored to the individual needs of our clients,” said Wayne Preston of Investec, as cited in the IFAonline report. “This means that we are particularly well suited to the more complex mortgage requirements of ultra high net income clients.”
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