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UCB rate reduction on self-cert and BTL

UCB Home Loans, the specialist lending arm of Nationwide, today reduces its fixed rates on its self-certification and buy to let mortgage range.

These are the lender’s fourth reductions in recent months, taking effect on August 15.

All rates have reduced by 0.10 per cent. The two-year flexible fixed is now 4.99 per cent, two year-flexible fixed remortgage is at 5.09 per cent.

With remortgage offer, the three-year flexible fixed is 5.19 per cent and the five-year flexible fixed is 5.29 per cent.

Buy-to-let fixed rates will reduce by up to 0.30 per cent, and a new three-year fixed rate product is also being introduced.

The new rates are 5.09 per cent, reduced from 5.39 per cent, three year flexible fixed is 5.19 per cent and the five-year fixed rate is now 5.29 per cent, down from 5.39 per cent.


Late boost for open annuities

Open annuities could be set for an 11th-hour boost after HM Revenue & Customs revealed that inheritance tax will be payable on alternative secured pensions and probably on drawdown. Open annuities, which have enabled annuitants’ remaining funds to pass to their estate on death, are expected to die out after A-Day when this advantage is […]

Personal bankruptcy and debt at highest ever figures

The DTI today publishes its highest-ever record of personal insolvencies since records began 45 years ago.In the three years to June 2005, 15,394 individuals were declared bankrupt increasing 11.7 per cent on the previous three months and up 36.8 per cent on the same period last year.Also, the total amount of personal debt in the […]


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