UCB reduces fixed rates

All two-year fixed rates are being reduced by 0.25%, three-year fixed rates by 0.20% and five-year fixed rates by 0.10%. The lender’s free valuation incentive is still available on all purchase and remortgage applications.

The rates are:

• Self-certification and buy-to-let two-year flexible fixed at 5.99%
• Self-certification and buy-to-let three-year flexible fixed at 5.94%
• Self-certification and buy-to-let five-year flexible fixed at 5.89%

Keith Astill, managing director at UCB Home Loans, said: “After a period of fixed rate increases, we have seen the cost of funding stabilise recently and we’re really pleased to offer this suite of fixed rate products to the market, especially as customers can also still benefit from our free standard valuation incentive on both purchase and remortgage cases.

“These reduced rates make our buy-to-let proposition particularly attractive, as they come into effect only days after we enhanced our buy-to-let rental cover calculation.”