A range of new mortgage deals will be launched by Nationwide's specialist mortgage lender on Monday, April 10th 2006.
Mortgages with fixed and tracker mortgage rates will be available from UCB Home Loans from next week and the mortgage lender claims that the mortgage rates are "some of the most competitive" in the mortgage market.
A mortgage rate of 5.29 per cent will apply on the mortgage lender's flexible fixed-rate mortgages over two and three years.
Those trying to find a mortgage that tracks the Bank of England's base rate will have a choice between a flexible and a non-flexible mortgage over two years.
The non-flexible tracker mortgage offers a mortgage rate that will be set at 0.69 per cent above the base rate.
For mortgage values of below £200,000, the mortgage rate will be set at 0.99 per cent above the bank's interest rate. The interest rate on mortgages above this amount will be pegged at 0.89 per cent above the base rate.
Keith Astill, the managing director of UCB Home Loans, says that the mortgage lender has a "strong and clear position" because mortgage rates on its flexible fixed-rate mortgages are standardised.





