UCB Home Loans re-vamps product range

UCB Home Loans, the specialist lender of Nationwide, is making a number of improvements to its product range, effective from 22 October 2007.

The improvements include:

Expanding the range of buy to let mortgages and improving the rental cover calculation: 110% of BBR + 0.5%.

Launching a new range of low-rate buy to let and self-cert products with a fee of £1,995.

New 10 year fixed rate self-cert and buy to let products with a rate of 5.99%.
Introduction of a 75% LTV tier on buy to let and self-cert fixed rate products, starting at 6.09%.

Commenting on the changes, 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 10 year fixed rate product is designed for the serious property investor who is looking to tie up their investment for longer and the new 75% LTV tier has been introduced for borrowers that want to put more into their investment.”

For full details of the UCB Home Loans product range, please visit ucbhomeloans.co.uk