Its range is being expanded, with new products being launched, and the introduction of a new loan-to-value (LTV) tier is also being unveiled.
The range of buy-to-let (BTL) mortgages has been expanded with the rental cover calculation improved to 110 per cent of the Bank Base Rate plus 0.5 per cent. A range of low-rate BTL and self-cert deals with a fee of £1,995 has also been introduced along with a 10-year fixed rate self-cert and BTL products, with a rate of 5.99 per cent.
A 75 per cent LTV tier has also been added to the BTL and self-cert products, with rates starting at 6.09 per cent.
Andy McQueen, managing director of Nationwide Specialist Lending, said: “UCB Home Loans has made a number of improvements to its BTL 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 per cent LTV tier has been introduced for borrowers that want to put more into their investment.”
Paul Fielding, IFA at Cambria Financial, said: “I think this is a boost of confidence just when the industry needs it as the public understands what is going on, and as companies change their criteria it will take a lender like UCB to inspire confidence. It needs a specialist lender to make a mark and this will go down well.”
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