UCB revises prime rates

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UCB Home Loans have announced a range of price reductions on their prim self-certification and buy-to-let mortgages, which take effect from today.

This is the latest in a series on re-pricings by mortgage lenders as investors begin to calm after a turbulent week for world markets. Self-cert two-year fixed rates have been reduced by 0.15%, three-year fixed rates have been cut by 0.25%, and five-year fixed-rates have dropped by 0.3%. Buy-to-let two-year fixed rates have fallen by 0.25%, three-year deals are now 0.35% cheaper, and five-year fixed rates have fallen 0.4% to 5.99%. Residential mortgages feature an arrangement fee of £595, while buy-to-let mortgages feature a £695 fee. All applications feature a free valuation incentive....

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