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UCB cutes rates on fixed products

Self-cert lender UCB Home Loans is reducing the rates on its range of fixed rate mortgages as of next week.

The cut applies to both residential and investment buy-to-let mortgages.

The two and three year fixed products have both been cut by 0.36 per cent to 5.59 per cent from 5.95 per cent and 5.79 per cent from 6.15 per cent respectively. The five year fixed is down 0.26 per cent to 5.99 per cent from 6.25 per cent.

Both the two and five year fixed buy-to-let products are also reduced by 0.36 per cent to 5.79 per cent from 6.15 per cent and 6.19 per cent from 6.55 per cent.

UCB Home Loans managing director Charles Reed says: “These reductions have been made in light of new speculation that the Bank of England may now hold off an increase in its variable base rate in the imminent future.”


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