UCB Home Loans hikes fixed rates

UCB Home Loans is increasing some of its fixed mortgage interest rates to reflect recent movements in the money markets.

The rates are available from April 16 2004. The self-cert two-year fixed rate has increased by 0.30% to 5.59%, 6.5% APR; the self-cert three-year fixed rate by 0.20% to 5.69% and the buy-to-let two-year fixed rate by 0.20% to 6.6%.

Interest rates on the self-cert five-year fixed and the buy-to-let five-year fixed mortgages remain unchanged.

UCB Home Loans has also announced that its remortgage offer on the two-year fixed and two-year FlexiPlus tracker mortgages is still available. The offer, which is available for a limited period, enables self-certification customers to benefit from a free valuation, representing savings from £230 dependent on the property value.