Universal offers base rate tracker.(Universal Building Society)(Brief Article)

Financial Adviser, January, 2003

Universal Building Society has launched two mortgages. The Base Rate Tracker offers a rate of 0.5 per cent below base rate in the first year, 0.5 per cent above BBR in the second, and 0.75 per cent above BBR in the third year. It then reverts to the Societys SVR. There are no compulsory insurances or extended tie-ins after year three.

It is available up to 80 per cent LTV. The discounted mortgage offers a 1.25 per cent discount for three years up to 95 per cent LTV. It offers GBP300 cashback and no extended tie-in. Both offer free valuation but an application fee of GBP60 is charged. Visit: www.universal.uk.com