UCB Home Loans Buy-To-Let 2-Year Flexible Fixed-Rate mortgage changed

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www.moneynews.co.uk > Mortgages > UCB Home Loans Buy-To-Let 2-Year Flexible Fixed-Rate mortgage changed

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UCB Home Loans Buy-To-Let 2-Year Flexible Fixed-Rate mortgage changed

The UCB Home Loans Buy-to-Let 2-Year Flexible Fixed-Rate mortgage has seen its interest rate rise from 5.09 per cent to 5.19 per cent.

For remortgages, the rate has been increased from 5.19 to 5.29 per cent.

Following the opening two-year fixed period, the interest rate on the deal will revert to a standard variable rate – this is currently 6.8 per cent.

Early repayment charges will apply for the introductory period of the UCB Home Loans Buy-to-Let 2-Year Flexible Fixed-Rate mortgage.

Those wishing to purchase their home, as opposed to those remortgaging, must pay a reservation fee of £75 on application and an arrangement fee of £495 on completion of the deal.

UCB Home Loans is the lending subsidiary of Nationwide Building Society and also specialises in offering mortgages to borrowers who are self-employed or on variable incomes.

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