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UCB reduces rate on its BTL tracker

UCB Home Loans is launching a new buy to let three-year flexible tracker at 5.19 per cent.

The product, that which launches on Monday, replaces UCB’s previous product of 5.29 per cent.

Its self-cert and BTL flexible fixed rate products will increase from 5.29 per cent to 5.59 per cent.

UCB Home Loans managing director Keith Astill says: “Rapidly increasing SWAP rates mean that tracker products are becoming more and more popular with borrowers and the reduction to our BTL three-year tracker places it extremely favourably in the market.”

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