Nationwide's specialist mortgage lender has announced a mortgage rate increase on one of its buy-to-let mortgage offerings.
The 0.1 per cent mortgage rate increase introduced by UCB Home Loans comes in response to increased funding costs, the mortgage lender has said.
The mortgage rate changes affect the two-year buy-to-let mortgage deals that offer fixed mortgage rates.
Following the mortgage rate increase, the new mortgage rate on the two-year fixed-rate buy-to-let mortgage deal is 5.19 per cent, up from 5.09 per cent, for new homebuyers.
For those planning to remortgage to the UCB Home Loans flexible fixed-rate buy-to-let mortgage for a two-year term, the mortgage rate will be set at 5.29 per cent.
The remortgage offer is not available to self-certification borrowers choosing the buy-to-let mortgage without early repayment charges.
UCB Home Loans specialises in self-certification mortgage lending to self-employed borrowers and customers with variable incomes.
Buy-to-let mortgage lending makes up a large part of its business.
Mortgage deals are available through the mortgage lender's intermediaries as well as from UCB Home Loans direct.
Mortgage rates increased at UCB Home Loans
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Mortgage rates increased at UCB Home Loans
Fri, 10 Mar 2006
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