UCB Home Loans revamps range

UCB Home Loans enters adverse credit mortgage market

UCB Home Loans has said it will expand into the adverse credit mortgage market.
UCB Home Loans cuts fixed rate buy-to-let rate

Nationwide subsidiary, UCB Home Loans, is cutting interest rates on all of its buy-to-let mortgages.

Monday, 22 October 2007 12:00

UCB Home Loans is to revamp its range of buy-to-let and self-cert mortgages.

The specialist lender of Nationwide is bringing in a number of changes to its products from October 22nd, including a new range of lower rate buy-to-let and self-cert products with a fee of £1,995.

UCB is also bringing out ten-year fixed-rate self-cert and buy-to-let products, starting at 5.99 per cent.

Andy McQueen, managing director of Nationwide Specialist Lending, said: "UCB Home Loans has made a number of improvements to its buy-to-let product range.

"The introduction of a ten-year fixed rate product is designed for the serious property investor who is looking to tie up their investment for longer."

The lender is also introducing a new 75 per cent loan-to-value tier for borrowers that want to put more into their investment and is improving its rental cover calculation for buy-to-let investors.

Twitter: My Finances