Call us now 1300-889-743

Investec Home Loans Review

Investec

Home Loan Experts’ Review:
five star5out of5stars

Founded: Investec (1974); Investec Australia (1997)

Owned by: Formerly Investec; Currently Bank of Queensland (BOQ)

Funded by: Retail deposits and wholesale capital markets

LMI provider: Currently Genworth but previously self-insured

Lender type: Non-bank, Specialist Lender

Investec Australia no longer operates in Australia but their Professional Finance business was purchased by BOQ in 2014.

The go-to specialist lender for high net worth (HNW) individuals and professionals like doctors, accountants and lawyers was Investec Australia, a wholly-owned subsidiary of its South African parent company.

Before its acquisition, Investec served customers in very much the same way as other mortgage brokers: it worked with customers directly to find a loan solution that would best support their future investment plans. So how did their investment offering compare to other non-bank lenders?

How did Investec’s home loans compare?

They were great at

  • Lending up to 100% with no Lenders Mortgage Insurance (LMI) by topping up your loan with a personal loan
  • Professionals wanting to rapidly build their investment portfolio

But they had some drawbacks…

  • If you had a large deposit, you could have likely gotten a better interest rate elsewhere
  • There were high interest rates applied to any unsecured portion of your home loan, that is, the personal loan component
  • A guarantor loan would have been a better option for many professionals looking to borrow at the max LVR and still is!
  • Their lending policy was strict and their credit department was rarely flexible

Our award-winning brokers get tough loans approved

Speak to one of our experts

Speak to one of our home loan experts 1300 889 743

Want a call back?

Want one of our experts to call you?

Get a free application

Get an obligation free assessment

Investec Australia is gone so what now?

If you’re a professional earning a strong income, you’re probably wondering where you can go to get:

We have nearly 40 lenders on our panel and a few of them actually offer discounted interest rates and waived LMI for select professionals including doctors.

Compare Investec to other lenders

Not sure which lender is right for you? Our Home Loan Experts can help!

Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our free assessment form today.

  • Lucinda

    Affiliation with close to 40 lenders gives quite a variety of options. Since Investec is no longer an option, can you help me get a great deal (like one they would likely offer) with any other bank?

  • Hi Lucinda,

    Yes, we can help. Please call 1300 889 743 to speak with an expert mortgage broker or simply complete our free online assessment form and one of us will contact you instead:
    https://www.homeloanexperts.com.au/free-quote/