The portfolio of trackers now includes eight products which offer customers a choice of interest rates, with or without flexible features. This enables customers to set their own priorities regarding the interest rate and the level of flexible features they require. Four of these are new products, as follows:
Self-certification base rate trackers.
- Self-Certification 2 Year Tracker available at base plus 0.79%, giving a current rate of 5.54%.
- Self-Certification 5 Year Tracker available at base plus 0.65%, giving a current rate of 5.40%.
Buy-to-let base rate tracker.
- Buy-to-Let 2 Year Tracker available at base plus 0.84%, giving a current rate of 5.59%.
Buy-to-let flexible base rate tracker – ERC-free. No early repayment charges apply to this product. It offers a wide range of flexible features from day one: overpayments, underpayments/payment holidays (subject to overpayments), drawdown facility from pre-agreed flexible advance. This product replaces the previous ERC-free tracker that was launched in January at base plus 1.75%
- Buy-to-Let 2 Year Flexible ERC-Free Tracker available at base plus 1.64%, giving a current rate of 6.39%.
The Self-Certification Variable Rate is also being launched as a stand-alone product, with a rate of 7.64%, a reservation fee of £150, no arrangement fee, and no early repayment charges.
“The new range of tracker products gives self-certification and buy-to-let customers more choice when making a decision on which mortgage to choose,” said UCB Home Loans managing director, Charles Reed. “The products have been designed in such a way that they allow customers to set their own priorities regarding the interest rate and level of flexible features available with the mortgage.”
UCB Home Loans has also confirmed that the self-certification remortgage offer launched last month, which will continue to run until 31 March, is now also available on the new tracker products. This enables self-certification borrowers remortgaging to UCB Home Loans to benefit from a free property valuation and waived reservation fee. This is available on all self-certification products except the Self-Certification Variable Rate.
