UCB Home Loans has announced changes to its range of self-cert range mortgages replacing its discounted rates with tracker rates and adjusting fixed rates.
The specialist lender says from this week, it is introducing a two year tracker product, a three year tracker and a three year buy-or-let tracker. They will replace the existing discounted rate mortgages.
To coincide with the alterations to the products, UCB has released research indicating 86 per cent of intermediaries surveyed think tracker loans have increased in popularity amongst borrowers over the last 12 months
UCB Home Loans managing director Charles Reed says: “There has been strong demand from our intermediaries for tracker rate mortgages and this research confirms that these types of products have mushroomed in popularity.”