Find a rate from our switcher products


Page last updated 05 April 2024

Below you can find our choice of Buy to Let and Residential mortgage rates for existing customers.

Buy to Let – Changing Products

Buy to Let switcher products

All Buy to Let products have a maximum loan of £1.5 million and a Product Fee of £95.
At the end of the initial rate period you move to our Variable Reversionary Rate, currently 8.99% for the remainder of the your term.


Product

Product Code

Initial Rate

The Overall Cost for Comparison is

Maximum
Loan to Value

Early Repayment Charge (ERC)

2 Year
Fixed
186553 5.34% 8.5% APRC
75% * If the mortgage is fully/partially repaid within the first 2 years the following charges will be payable:
2.5% of the amount redeemed in the first year and 1.5% of the amount redeemed in the second year.*
184493 6.69% 8.9% APRC None

5 Year
Fixed
186554 4.74% 7.3% APRC
75% * If the mortgage is fully/partially repaid within the first 5 years the following charges will be payable:
5% of the amount redeemed in the first year, 5% of the amount redeemed in the second year, 4% of the amount redeemed in the third year, 3% of the amount redeemed in the fourth year and 2% of the amount redeemed in the fifth year.
184495 5.79%  7.8% APRC None
Lifetime
Variable
171975 8.99% 9.4% APRC
None No ERC applies.

Residential - Changing Products

Residential switcher products

All Residential products have a maximum loan of £1.5 million and a Product Fee of £95.
At the end of the initial rate period you move to our Variable Reversionary Rate, currently 7.99% for the remainder of your term.


Product 

Product Code

Initial Rate

The Overall Cost for Comparison is
Maximum
Loan to Value

Early Repayment Charge (ERC)


2 Year
Fixed
186635 5.70% 7.8% APRC None * If the mortgage is fully/partially repaid within the first 2 years the following charges will be payable:
2.5% of the amount redeemed in the first year and 1.5% of the amount redeemed in the second year.


5 Year
Fixed
186636 5.34% 7.0% APRC None * If the mortgage is fully/partially repaid within the first 5 years the following charges will be payable:
5% of the amount redeemed in the first year, 5% of the amount redeemed in the second year, 4% of the amount redeemed in the third year, 3% of the amount redeemed in the fourth year and 2% of the amount redeemed in the fifth year.
Lifetime 
Variable
171974 7.99% 8.3% APRC  None No ERC applies.

*No ERC applies to overpayments of up to £500 per calendar month.

Changing Products

If you have a mortgage that is coming to the end of its initial rate period, you may be able to switch to another mortgage product. Product availability and lending decisions are subject to customer status, the value of the property and current lending criteria. The product will be subject to the relevant fee (detailed above).

The borrow back feature is not available on new UCB products. Switching your mortgage to a new product will result in the loss of this facility.

Change your mortgage deal

Early Repayment Charge (ERC)

If a mortgage product does not continue for its agreed term or if an overpayment is made, an ERC may be payable. The amount of ERC payable depends upon the terms and conditions of the product. Upon full repayment of the mortgage, a Redemption Administration Fee, currently £65, is payable on all products.

Annual Percentage Rate of Charge (APRC)

This is the total cost of a loan taking into account all costs, interest charges, product fees etc. This is then expressed as an annual rate of charge. This allows comparison of like with like when looking at mortgages on offer from different lenders.

Need to contact us

If you would like to get in touch with us, we’re always happy to help. Before you call, please have your mortgage account number available and be ready to confirm your identity. You'll need to answer questions about yourself and your mortgage account for security purposes.

Contact us

Disclaimer

Please note that for our mutual protection and to improve service standards, we may monitor and/or record telephone calls.

Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage.

UCB Home Loans cannot offer you advice on our mortgage products or recommend which product may be suitable for your needs. If you need any advice about our mortgage products, please contact a mortgage advisor authorised by the Financial Conduct Authority. UCB Home Loans Corporation Limited (UCBHL) is a wholly owned subsidiary of Nationwide Building Society and is authorised and regulated by the Financial Conduct Authority under registration number 303556. Most Buy to Let mortgages are not regulated by the Financial Conduct Authority.

Registered Office: Nationwide House, Pipers Way, Swindon, SN38 1NW. Registered in England. Company Registration Number 1063539.

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