Lower rates from UCB

The new offer is for advances over £200,000 and, at 4.89% (APR 6.0%), it is the lowest rate within the new UCB Home Loans self-certification mortgage range. The FlexiPlus product also includes a full range of flexible features and drawdown facility. The product is available for an unspecified limited period.

The lender’s fixed rates will also drop – by 0.3% on the residential product range and by 0.5% on the buy-to-let range - bringing them in line with residential rates for the first time.

Commenting on the move, Charles Reed, managing director of UCB Home Loans, said: "Our new limited period offer will help those borrowers who need a larger mortgage to buy or remortgage their home. At the same time, the reduced rates on the buy-to-let fixed rate mortgages now mean that those looking to make this type of investment will enjoy similar rates as those looking to buy their own home."