The product is currently priced at 5.09 per cent and has a free standard valuation for both purchase and remortgage applications. This replaces the previous product which was charged at BBR plus 0.64 per cent.
It is available up to 85 per cent loan-to-value (LTV) and has no early repayment charge (ERC) after the first three years. Within the three-year tracker period, the ERC is 3 per cent of the original loan.
Keith Astill, managing director of UCB Home Loans, said: “This product offers a highly competitive, value-for-money deal. With an extremely attractive rate, an arrangement fee of only £495, and the added benefit of a free standard valuation it’s one of best overall packages currently available.”
At the same time, UCB Home Loans is increasing rates on its self-cert and buy-to-let two- and three-year flexible fixed rate products, as a result of increases in the cost of funding.
The rates are:
- Self-certification two-year flexible fixed rate: 5.69 per cent
- Self-certification three-year flexible fixed rate: 5.64 per cent
- Buy-to-let two-year flexible fixed rate: 5.69 per cent
- Buy-to-let three-year flexible fixed rate: 5.64 per cent
