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.