UCB Home Loans enhances exclusive criteria

UCB Home Loans, the specialist intermediary lender of Nationwide, has made a number of criteria enhancements to its current range of exclusive products, with immediate effect.

It has removed the £150,000 minimum loan size restriction on its current Buy to Let 3 Year Fixed rate exclusive with SJP, Thinc, Savills and The Money Store, priced at 5.89%. This enhancement is designed to create opportunities in regions of the country with lower house prices, where the minimum loan size restriction may have been a barrier to business.

Alex Murray, Group Director of Mortgages at Thinc said: “This criteria enhancement by UCBHL is further proof of their commitment to become a major player in the Buy to Let market. A lender like UCBHL, with the ability to respond quickly to market changes, is always welcomed”.

At the same time, the lender is removing the current 75% LTV (loan to value) band on its current Self-Cert 2 Year Tracker with Home of Choice and PMS. The product will now be available up to 85% at 5.74% instead of 75%.

John Mallone, Managing Director of PMS said: “At a time when rates are continually rising, it is good to see a lender such as UCBHL making the lower rate available at the higher LTV and keeping the rate below 6%, which in the present climate makes it a very attractive rate”.