UCB Home Loans has revised its mortgage range to provide borrowers with the option of having no extended tie in period.
In order to incorporate the change the specialist lender has increased its rates by between 0.1 and 0.6 per cent to reflect the cost of funding.
The range of fixed and discount rates now includes option one products carrying redemption charge only within the fixed or discounted period and option two products carrying redemption penalty overhangs.
UCB managing director Charles Reed says: "Our new product range underlines our commitment to offer our customers very competitively priced products which are tailored to their needs.
"People can now choose between a balance of interest rate and redemption charge period that best suits their circumstances."