The rates on its self-cert and buy-to-let standard and flexible two-year tracker rates have been cut by 0.30 per cent.
The lender has increased rates on other products.
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Fixed rates including the prime self-cert and buy-to-let two, three and five-year products have also been increased. These rises vary between a 0.30 per cent and 0.40 per cent rise.
The fixed rates on its very near-prime self-cert, very near-prime full status, and prime full status two and three-year products have also increased. Again the increases vary between 0.30 per cent and 0.40 per cent.
Keith Astill, managing director at UCB Home Loans, said: “The increase in our fixed rates reflects the rise in funding costs. However, we have managed to reduce the price of our trackers after listening to feedback from brokers and are confident that the new rates will be extremely attractive. These products offer real flexibility, giving the customer the opportunity to underpay, overpay and take payment holidays.”
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Mike Pendergast, IFA at Zen Financial Services, said: “I haven’t seen much like this in the last month or since the last Base Rate rise, but perhaps it is raising its rates in anticipation of another rise. I’ve not heard any rumblings in regard to this so perhaps this is a late reaction or an early anticipation.”
