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UCB in double launch with intermediary pair

Specialist lender UCB Home Loans is to launch of a number of exclusive products with Openwork and Premier Mortgage Service from tomorrow.

The first, a three-year flexible buy-to-let tracker launched Openwork is priced at 5.29 per cent and tracks the Bank of England Base Rate for three years at base rate plus 0.54 per cent.

The product is available for purchase and remortgage, with borrowers getting a free standard valuation on purchase applications. There is no overhang redemption penalty after the first three years and the product is available up to 85 per cent loan-to-value, is portable, and can be used for capital raising.

The lender is also launching two self-cert two-year standard base rate trackers with PMS.

The first, at 5.24 per cent, tracks the base rate plus 0.49 per cent for two years and is available up to 75 per cent LTV.

The second is available up to 85 per cent LTV and, priced at 5.34 per cent, tracks the base rate plus 0.59 per cent for two years.

Both products have a free standard valuation on all purchase and remortgage cases, are portable and can be used for capital raising.

PMS managing director John Malone says: “We are delighted that we are able to exclusively offer our members and their clients such a competitive product via UCB. This further demonstrates UCB’s commitment to the intermediary market.”

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