Rates have decreased on its standard and flexible two-year tracker rate products.
At the same time, it will be increasing fixed rates on prime self-certification and prime buy-to-let two, three and five-year products. It will also be increasing the fixed rates on very near prime self-certification and very near prime full-status and prime full-status two and three-year products.
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. This is particularly useful if they are self-employed or own buy-to-let properties and this flexibility allows them to manage their mortgage to suit their individual circumstances.”
