UCB Home Loans cuts fixed rates

UCB Home Loans is reducing fixed rates across its range of self-cert and buy-to-let mortgages. Two-year fixed rates are being cut by 0.25%, three-year fixed rates by 0.2% and five-year fixed rates by 0.1%.

Lenders are increasingly offering split pricing on products so borrowers can opt for fee-free deals with higher interest rates or products with higher fees and lower rates. But last week MPs accused lenders of charging high fees to keep rates low and top best buy tables.