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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.

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