View more on these topics

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.”

Recommended

&#39Unmarried parents missing IHT saving&#39

IFAs are ignoring an inheritance tax saving solution for unmarried parents because they think it is only available to married people, according to Chancery Law Group.Use of the nil-rate band discretionary will trust, which allows both parents to pass on the benefit of their £250,000 IHT allowance to their children, has been common between spouses.But […]

Flight leaves IFA post for Shadow Cabinet

IFA champion MP and Investec co-chairman Howard Flight has been promoted to the Shadow Cabinet but will no longer represent IFAs&#39interests in Parliament.Flight&#39s promotion to Shadow Treasury Chief Secretary from Shadow paymaster general follows Conservative Party leader Iain Duncan Smith&#39s recent frontbench reshuffle.Flight has repeatedly raised the plight of IFAs in Parliament, taking the lead […]

Tep Exchange Group narrows losses

Traded endowment policy firm Tep Exchange Group says it has narrowed its losses to £83,000 in the first six months of this year from £819,000. It says this is due to increasing the number of IFAs registered with it and forming trading alliances with IFA portals to increase trading in Teps. It believes FSA policy […]

The real cost of regulation falls upon the public

Do we really know where we are going and are the people attempting to regulate us really aware of our world?Our regulators tell us that we are too costly for the public and that we should be trying to encourage the lower income earners to save more money, and to be truly professional we must […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment