CB Home Loans is launching a range of self-certification fixed rate mortgages with its lowest ever fixed rates. The lender is offering a 2-year fixed rate at 4.49 per cent, a 3-year fixed rate at 4.69 per cent and a 5-year fixed rate at 4.99 per cent.
Redemption penalties for the 2-year mortgage are 6 months interest in year one and 5 months interest in year two. For the 3-year, penalties are 6 months interest in year one, 5 months in year two and 4 months interest in year three. The 5-year mortgage carries a redemption penalty of 6 months interest in years one to three, 5 months interest in years four and five and 4 months interest in year six. No extended tie-ins apply.
All the products revert to UCB's standard variable rate, currently 6.49 per cent, after the fixed rate period. Loans are available up to 85 per cent loan to value.