The new package offers the same competitive interest rates and flexible features as the standard buy-to-let mortgage range:
- 3 Year Tracker 4.54%
- 2 Year Fixed Rate 5.19%
- 3 Year Fixed Rate 5.59%
The range will include a range of remortgage options:
- Straight remortgages, where mortgages are moved to UCB Home Loans from another lender on a pound-for-pound basis
- Capital raising, where mortgages are transferred to UCB Home Loans but where the amount borrowed is increased
- Further advances, where an existing UCB Home Loans borrower wishes to increase the size of their existing mortgage.
“The buy-to-let market has been growing steadily for over four years now and requests for remortgages have been increasingly frequent over recent months,” says UCB Home Loans managing director, Charles Reed. “This new buy-to-let remortgage service satisfies the increasing demand from borrowers and mortgage brokers, whilst at the same time it acts as a big boost to customer retention.”
The new service complements the existing mortgage range offered by UCB Home Loans. The limited offer of free valuations and cashback on residential remortgages is being withdrawn on 3 November 2003.
