UCB Home Loans Three-Year Buy-to-Let Flexible Tracker mortgage unveiled

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UCB Home Loans Three-Year Buy-to-Let Flexible Tracker mortgage unveiled

Fri 19th May 2006

A new UCB Home Loans Three-Year Buy-to-Let Flexible Tracker mortgage has been launched, with a rate of 5.19 per cent.

This replaces the previous rate of 5.29 per cent on this product and, according to UCB Home Loans, makes it one of the most competitive offers in the buy-to-let market.

Rates have been increased, however, on the lender's self-certification and buy-to-let flexible fixed-rate products, which are available over two, three or five years, from 5.29 to 5.59 per cent.

Tracker mortgages are currently becoming more popular on the market, says Keith Astill, managing director of UCB Home Loans, and this new deal is expected to feature "extremely favourably".

"The rise in fixed rates is due to the significant increase in the cost of funding fixed rate products over the past few weeks. Many of our competitors have already put their rates up and our overall package remains extremely attractive, coupling good rates with low fees and flexibility," Mr Astill said.

The new UCB Home Loans Three-Year Buy-to-Let Flexible Tracker mortgage will be available from May 22nd onwards.