UCB Home Loans is planning to make improvements to its product range, effective from October 22, 2007.
UCB is planning to expand the range of buy to let mortgages and improve the rental cover calculation. It is also planning to launch a new range of low-rate buy to let and self-cert products with a fee of GBP1,995.
UCB is also planning to launch a new 10 year fixed rate self-cert and buy to let products with a rate of 5.99%. It is planning to introduce a 75% LTV tier on buy to let and self-cert fixed rate products, starting at 6.09%.
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.