UCB reduces adverse rates

The changes are as follows:

• Increments above Bank of England Base Rate on self-certification and full status adverse and very near prime tracker products will decrease by between 0.25% and 0.76%.
• Rates on self-certification and full status adverse and selected very near prime fixed rate products will also decrease by between 0.25% and 0.76%.
• On residential self-certification prime and buy-to-let products, all fixed rates and tracker increments will be held at their current levels.

Commenting on the rate reductions, Keith Astill, managing director at UCB Home Loans, said: “We are pleased to offer these competitive rates on our product range at a time when interest rates are continuing to rise.”

The rate reductions mean that rates for extra light full status self-certification products now start at 6.24% (APR 7.9%) for the three-year tracker, which includes a free valuation.