View more on these topics

UCB reprices range

UCB Home Loans is slashing rates on its self-cert and buy-to-let two-year trackers.

At the same time, it will be increasing fixed rates on prime self-cert and buy-to-let two, three and five-year products.

It will also be increasing the fixed rates on very near prime self-cert and full-status, as well as on prime full-status two and three year products.

Keith Astill, managing director at UCB Home Loans, says: “The increase in our fixed rates reflects the rise in funding costs.

“However, we have managed to reduce the price of our trackers after listening to feedback from brokers and are confident that the new rates will be extremely attractive.

“These products offer real flexibility, giving the customer the opportunity to underpay, overpay and take payment holidays.

“This is particularly useful if they are self-employed or own buy-to-let properties and this flexibility allows them to manage their mortgage to suit their individual circumstances.”


Growing business

Brokers should consider getting into equity release as product development and wider lender choice will ensure the sector’s expansion, says Ged Hosty

Trustguard opens telesales office in Delhi

Trustguard has opened a Delhi telesales office, allowing three of its Indian staff members to move back home and be closer to their families.The office is staffed by a three-strong team headed by loan relationship manager Sameer Anand, who was previously based at Trustguard’s head office in Cardiff. It will sell secured loan products to […]

Barclays may be forced to scrap “Nazi” eagle logo

Barclays may be forced to scrap its 317 year-old eagle logo due to concerns from ABN Amro, its Dutch merger partner, that the design has Nazi connotations, press reports have claimed.The bank, which has already agreed to move its head office to Amsterdam if the £96bn deal goes ahead, is likely to adopt ABN’s stylised […]

Tomorrow launches online quotations

Tomorrow has launched an online quotation system for lifetime mortgages.Brokers will be able to get quotes 24-hours a day and track the progress of their clients case from application receipt through to completion.Tomorrow will also be reducing its minimum initial advance, 25,000 to 15,000, responding to the consumer need to release smaller amounts of equity […]


News and expert analysis straight to your inbox

Sign up