The product has a rate of Bank Base Rate (BBR) + 0.49 per cent for two years. It is available up to 85 per cent loan to value (LTV) for purchase or remortgage, has no higher lending charge (HLC), no extended early arrangement fee (ERC) and a £495 arrangement fee. The product is aimed at the directly authorised market as well as Optoma’s network relationships such as Sesame, Legal & General & Intrinsic.
James Chidgey, senior manager, national accounts at UCB, said: "We aim to offer our major distributors access to the best products in the marketplace, and are delighted to support one of the largest packaging companies with this self-cert two year tracker product".
Harpal Singh, operations director at Optoma, said: “UCB is known for its simple, yet robust, criteria. 4.99 per cent at 85 per cent LTV up to £500K true self-cert is likely to be very popular with intermediaries. UCB have been on our panel for over six years and we are proud to have such a strong relationship”
