UCB Home Loans reduces fixed rates

Specialist intermediary lender, UCB Home Loans, is reducing fixed rates across its entire core range of self-certification and buy-to-let mortgages, with effect from today.

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

All two year fixed rates are being reduced by 0.25%, three year fixed rates by 0.20% and five year fixed rates are being reduced by 0.10%. The lender’s free valuation incentive is still available on all purchase and remortgage applications.

The new rates are:

Self-Certification and Buy-to-Let Two Year Flexible Fixed at 5.99%
Self-Certification and Buy-to-Let Three Year Flexible Fixed at 5.94%
Self-Certification and Buy-to-Let Five Year Flexible Fixed at 5.89%

Keith Astill, managing director at UCB Home Loans said: “After a period of fixed rate increases we have seen the cost of funding stabilise recently and we’re really pleased to offer this attractive suite of fixed rate products to the market, especially as customers can also still benefit from our free standard valuation incentive on both purchase and remortgage cases”.

“These new reduced rates make our buy-to-let proposition particularly attractive, as they come into effect only days after we enhanced our buy-to-let rental cover calculation” he added.