New mortgage available from Mortgage 2000 and UCB Homeloans

Mortgage 2000 and UCB Homeloans have jointly launched a self-certification two-year discounted base rate tracker mortgage at 4.99 per cent.

According to Mortgage 2000, this offer is one of the few mortgages of its kind available at under five per cent, owing to the currently high level of swap rates.

The offer is available at 85 per cent loan-to-value and does not have any higher lending charges or early repayment charge overhangs.

There are also “competitive” procuration fees on the package, the lender claims and no extended tie-in, although an arrangement fee of £495 will apply.

Mortgage 2000 said that the strongest point of this new offering was its simplicity.

In a statement, the lender said: “With no higher lending charge and no extended tie-in, it is simply great value over two years.”