UCB to hike self-cert and buy-to-let fixed rates

UCB Home Loans will increase its fixed rates on self-certification and buy-to-let mortgages.

The company says that the new rates reflect recent movements in the money markets.

On self-certification mortgages its two-year fixed rate will increase by 0.50% to 5.49%, its three-year fix will increase by 0.40% to 5.69% and its five-year fixed rate will increase to 5.89%.

For its buy-to-let mortgages range, its two-year fixed rate will rise by 0.40% to 5.59% and its five-year fix by the same amount to 5.99%.

UCB Home Loans will also increase variable rates by 0.25% following the increase of the Bank of England&#39s base rate. The changes will take effect from December 1 2003.