UCB lowers rates

On buy-to-let products, two-year fixed rates are being reduced by 0.25%, three-year fixed rates by 0.35%, and five-year fixed rates by 0.40%.

Self-cert two-year fixed rates are being reduced by 0.15%, three-year fixed rates by 0.25%, and five-year fixed rates by 0.30%.

The lender’s free valuation incentive is still available on all purchase and remortgage applications on all products (except those that are ERC-free). These products have arrangement fees of £595 for residential mortgages and £695 for buy-to-let.

The rates are:

• Prime Self-Certification Two-Year Fixed at 6.34% (APR 8.0%)
• Prime Self-Certification Three-Year Fixed at 6.24% (APR 7.8%)
• Prime Self-Certification Five-Year Fixed at 6.09% (APR 7.5%)
• Buy-to-Let Two-Year Fixed at 6.24% (APR 8.0%)
• Buy-to-Let Three-Year Fixed at 6.14% (APR 7.8%)
• Buy-to-Let Five-Year Fixed at 5.99% (APR 7.4%)

Commenting on the rate reductions, Keith Astill, managing director at UCB Home Loans, said: “We are pleased to offer these competitive reduced rates on our product range, especially as customers can also benefit from our free standard valuation incentive.”