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UCB to offer free valuations

Specialist intermediary lender UCB Home Loans will be offering free valuation on its self-cert and buy-to-let product ranges from February 1.

Following feedback from intermediaries, the lender is bringing back the offer which enables customers to benefit from a free standard valuation across its core range of self-cert and buy-to-let products with early repayment charges, for both purchase and remortgage cases.

Keith Astill, managing director at UCB Home Loans, says: “Our intermediaries found this incentive extremely popular with their clients, especially as the offer isn’t capped.

“It means customers can save a minimum of £230 in upfront fees.

“Coupled with the recent launch of our e-trading platform, iSite, we hope intermediaries can see that we’re really listening to what they want and continuously building a stronger proposition”.

At the same time UCB Home Loans is increasing fixed rates across its entire core range of self-cert and buy-to-let products, as a result of increases in the cost of funding.

The new rates for self-cert and buy-to-let are 6.24% for two-year flexible fixed rate, 6.14% for three-year flexible fixed rate, and 5.99% for five-year flexible fixed rate.

All variable rate products will also increase with effect from February 1 by 0.25% in line with the increase in the Bank of England base rate.


MPT appoints BDM for the North

Money Partners Touch, the direct-to-broker channel of Money Partners, has appointed Sheryl Andrew as business development manager for the north of England. She will be responsible for developing the MPT offering and building relationships.

BoI predicts 5% price rise in 2007

Bank of Ireland’s housing market forecast predicts that average house price inflation will be 5% in 2007. It also expects mortgage applications to fall back to about £27bn per month gross and £8bn per month net.

West Brom securitisation

West Bromwich has completed its first residential mortgage securitisation with a £320m buy-to-let transaction. The deal was made up of mortgages generated through West Brom for Intermediaries.


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