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UCB launches three year self-cert

UCB Home Loans is launching a new self-cert three-year tracker product.

The product is priced at 5.09 per cent, tracking the Bank of England base rate at base rate plus 0.34 per cent for three years.

It also offers a free standard valuation for both purchase and remortgage applications, replacing the previous product which was charged at BBR plus 0.64 per cent.

It is available up to 85 per cent LTV and has no early repayment charge after the first three years.

Within the three-year tracker period, the ERC is 3 per cent of the original loan.

UCB Home Loans managing director Keith Astill says: “This product offers a competitive, value for money deal with its good rate, £495 arrangement fee and free standard valuation.”

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