UCB reduces fixed interest rates

26-Feb-2007

In news which may be of interest to potential first time buyers, UCB Home Loans has announced interest rate reductions on its range of fixed-rate buy-to-let and self-certification mortgages.

The lender's range of five-year fixed-rate products have been reduced by 0.10 per cent from today, while three and two-year fixed-rates have been reduced by 0.20 per cent and 0.25 per cent respectively for customers which may include first time buyers.

To find out more about these mortgages and other mortgages for first time buyers, click here.

"After a period of fixed rate increases we have seen the cost of funding stabilise recently and we're really pleased to offer this attractive suite of fixed-rate products to the market," said Keith Astill, managing director of UCB Home Loans.

Following the rate reduction, two-year products have an interest rate of 5.99 per cent, while three and five-year fixed mortgages have been reduced to 5.94 per cent and 5.89 per cent respectively.

UCB Home Loans is the specialist lending division of Nationwide Building Society.

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