UCB Home Loans announces interest rate reduction

27-Mar-2007

In news which may be of interest to would-be first time home buyers, UCB Home Loans has announced details of an interest rate reduction of 0.15 per cent.

Available on the lender's range of full status and self-certification fixed-rate mortgages, the revised products are available to borrowers - which may include prospective first time home buyers - from March 29th.

Each of the revised fixed-rate mortgage products has an associated arrangement fee of £595.

To find out about those mortgages specifically aimed at first time buyers, see our best buys for first time buyers table.

"As a leading specialist lender, we strive to provide our intermediaries with a wide range of products to choose from based on their customer needs, as demonstrated by our recent launch into the adverse market," said Keith Astill, managing director of UCB Home Loans.

Although a number of mortgages have been affected by today's announcement, these include a two-year self-certification flexible fixed-rate mortgage product, with an interest rate of 5.84 per cent (7.5 per cent APR).

UCB Home Loans is the specialist division of Nationwide.

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