Tuesday 27th March 2007
UCB Home Loans, the specialist arm of Nationwide, has announced an interest rate reduction which is available from March 29th.
The 0.15 per cent reduction has been implemented against the UCB Home Loans portfolio of self-certification and full status fixed-rate mortgages.
Within the range of mortgages affected by this announcement, includes a three-year full-status flexible fixed-rate product, with an interest rate of 5.69 per cent (7.3 per cent APR).
"As a leading specialist lender, we strive to provide our intermediaries with a wide range of products to choose from based on their customer needs, as demonstrated by our recent launch into the adverse market," said Keith Astill, managing director of UCB Home Loans.
All of the revised mortgage products include an arrangement fee of £595.
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