UCB Home Loans reduces fixed rates

UCB Home Loans, specialist intermediary lender, is reducing fixed rates across its range of prime self-certification and buy-to-let mortgages, with effect from today (23 August 2007).

On buy-to-let products, two year fixed rates are being reduced by 0.25%, three year fixed rates by 0.35%, and five year fixed rates by 0.40%.

Self-cert two year fixed rates are being reduced by 0.15%, three year fixed rates by 0.25%, and five year fixed rates by 0.30%.

When coupled with the lender’s existing free valuation incentive, the new products represent some of the most competitive deals available in the market.

The lender’s free valuation incentive is still available on all purchase and remortgage applications on all products (except those that are ERC-free). These products also benefit from low arrangement fees of £595 for residential mortgages and £695 for buy-to-let.

The new rates are:

Prime Self-Certification Two Year Fixed at 6.34% (APR 8.0%)
Prime Self-Certification Three Year Fixed at 6.24% (APR 7.8%)
Prime Self-Certification Five Year Fixed at 6.09% (APR 7.5%)
Buy-to-Let Two Year Fixed at 6.24% (APR 8.0%)
Buy-to-Let Three Year Fixed at 6.14% (APR 7.8%)
Buy-to-Let Five Year Fixed at 5.99% (APR 7.4%)

Commenting on the rate reductions, Keith Astill, managing director at UCB Home Loans, said: “We are pleased to offer these competitive reduced rates on our product range, especially as customers can also benefit from our free standard valuation incentive.”