View more on these topics

UCB relaunches tracker mortgages

UCB Home Loans is relaunching its entire core range of self-cert and buy-to-let tracker mortgages with effect from September 1.

The tracking differentials on the new products will decrease by 0.10% on each of the terms available for two, three, or five years, and non flexible trackers are priced 0.10% lower than their equivalent flexible product.

All of the new products track the Bank of England Base Rate.

The new tracking increments for both self-cert and buy-to-let trackers include two-year flexible tracker and BBR plus 0.84%, two-year tracker (non-flexible) with a BBR plus 0.74%.

Also the three-year flexible tracker with a BBR plus 0.74%, the five-year flexible tracker with a BBR plus 0.64% and the five-year tracker (non flexible with a BBR plus 0.54%

To complete the range, UCBHL also offers an ERC-free (no early repayment charge) two year flexible tracker on both buy-to-let and self-certification, tracking at Bank Base Rate plus 1.29% and 1.59% respectively. Full details of these rates appear on the attached charts.

Keith Astill, managing director at UCB Home Loans, says: The re-launch has given us the opportunity to align the increments on both our self-cert and buy-to-let tracker products, making the whole range much simpler for our customers and intermediaries.

Weve also been monitoring fixed rates closely, and whilst weve seen a number of our competitors increase their fixed rates weve taken the decision to hold steady.

So, with all fixed rates remaining at 5.59% our whole product range is now much clearer and simpler to understand.

Coupled with low fees and a free valuation incentive, UCB Home Loans offers customers an extremely attractive package.

Recommended

HSBC launch

HSBC has launched the first of 80 commercial banking centres, in Swansea.

Nationwide base rate row goes on

Nationwide has come under fire again over the way it displays the Bank of England base rate on sourcing systems. Last week Mortgage Strategy re-ported that the society had asked sourcing system Trigold to change the base rate back to 4.5% on its system despite the recent 0.25% increase. One broker claimed Nationwide was falsely […]

Star letter: Brokers should not blame the regulator and government for their problems

From Ron Radway I am responding to a letter in a recent issue of Mortgage Strategy (August 14) regarding the Financial Services Authority providing value for money. I am a regular reader of the letters pages and have noticed a recurring theme since Mortgage Day – some individuals seem to think that the FSA and […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

Newsletter

News and expert analysis straight to your inbox

Sign up