Investec follows through on IFA rates offer
Following up on its move to actively target its existing network of independent financial advisers, Investec Australia has reduced the interest rates on its tailored home loan offering for financial advisers.
The specialist bank announced that advisers would now be able to access home loan packages from as low as 4.54 per cent a year for two-year fixed rates (4.79 per cent p.a. comparison rate), and 4.79 per cent for variable rate loans (4.84 per cent p.a. comparison rate).
It said the move was consistent with last year's announcement that it would actively target its existing network of independent financial adviser firms as well as the broader adviser services market, offering bespoke personal banking solutions including LMI-free mortgage options, commercial property lending for SMSFs, and vehicle finance.
Investec Australia's Head of Adviser Services, Gareth Bird, said the rates reduction reflected the bank's continuing commitment to provide advisers with flexible, responsive banking offerings designed exclusively for this market.
"Our position as a specialist lender allows us to partner with advisers in a way that very few others in the market are able to. We're pleased to be able to add preferential home loan rates to that offering, and extend even further the range of tailored products we provide to professional IFAs," he said.
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