UCB increases specialist loan rates

UCB Home Loans has today announced increases on its entire range of buy-let and self-certification homeowner loans.

The increases to UCB’s fixed-rate products follow two Bank of England rate rises this year, in August and November.

A total of six products are to be affected by UCB’s price changes. The five-year fixed rate deals are to be increased by 0.1 per cent and will now be set at 5.69 per cent.

The three-year fixed-rate mortgages have been increased by 0.2 per cent up to 5.84 per cent, while the two-year rate will reach 5.94 per cent after being raised by 0.25 per cent.

Currently set at five per cent, the Bank of England’s interest rate has risen by half a percentage point since August.

All nine members of the monetary policy committee voted not to make a further increase this month, although many analysts predict that 2007 could see this change.

© Adfero Ltd

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