New competitive mortgage rates from UCB home loans

Specialist intermediary lender, UCB Home Loans, is decreasing rates on its entire adverse range and selected very near prime products, with effect from 1 August.

The changes are as follows:

Increments above Bank of England Base Rate on self-certification and full status adverse and very near prime tracker products will decrease by between 0.25% and 0.76%.

Rates on self-certification and full status adverse and selected very near prime fixed rate products will also decrease by between 0.25% and 0.76%.

On residential self-certification prime and buy-to-let products, all fixed rates and tracker increments will be held at their current levels.

Commenting on the rate reductions, Keith Astill, managing director at UCB Home Loans, said: “We are pleased to offer these competitive rates on our product range at a time when interest rates are continuing to rise.”

The rate reductions mean that rates for extra light full status self-certification products now start at 6.24% (APR 7.9%) for the 3 Year Tracker, which includes a free valuation.