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UCB launches new product range and lowers rates
18 September, 2008
UCB Home Loans has launched a new range of buy to let and self certification products with rates starting from 5.54%.
The new range includes two, three, five and ten-year fixed rates, as well as tracker rates, with rental cover at 110% of bank base rate plus 1.25%. In addition to offering up to 75% loan to value (LTV) , selected buy to let products are available with free valuations on purchases or remortgages.
The self certification products, available up to 70% LTV, are available on an interest-only or capital repayment basis or, for added flexibility, as a combination of the two. Various fee options are available across two, three and five year fixed-rate and two-year tracker rates, with initial pay rates starting from 6.09%.
Andy McQueen, managing director of UCB Home Loans, commented: "Brokers have told us they continue to experience strong demand from buy to let and self certification clients, and we expect this suite of products, which offers a wide range of rate, fee and repayment options, to prove very popular. "
In addition to the new mortgages launched, rates have been reduced across UCB's existing product range. Full details of all products are available at www.ucbhomeloans.co.uk.