The specialist intermediary lender now offers customers the benefit of a free valuation, saving them up to £780 in upfront fees on over 100 Full-Status, Self-Cert, Buy-to-Let and Adverse products. Note: This offer applies to products with Early Repayment Charges only.
At the same time, UCBHL is reducing the tracking increments on its Self-Cert and Full-Status Prime, and Buy to Let 2, 3 and 5 year trackers by 0.15%, 0.10% and 0.05% respectively. The lender will also be withdrawing the two rates offered on its Self-Cert 2 Year Flexible Tracker – which currently apply to loans under or over £200,000 – and repricing with a single extremely competitive rate.
UCB Home Loans managing director, Keith Astill said: “Our new adverse mortgage range has been extremely well received in the market and we’re delighted to enhance it with the extension of our free valuation incentive”.
He added: “Repricing our trackers means that there is now only a 0.05% differential between our standard trackers and those with flexible features, giving additional benefit to customers at minimum additional cost. Features such as overpayments, underpayments and payment holidays are particularly beneficial to customers in the self-cert market, especially those who operate in businesses where income may fluctuate from time to time. They are also useful to those in the buy-to-let market, where landlords are able to plan for void periods and maintenance costs much better”.
