Lender introduces new mortgages for landlords

News Category: Management

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A leading lender from the UK has announced a new range of mortgages designed to meet the needs of landlords.

UCB Home Loans, the specialist lender of Nationwide, revealed several new improvements to its buy-to-let mortgage range.

These include expanding the range of buy-to-let mortgages and improving the rental cover calculation.

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

UCB Home Loans have also made available a new group of ten-year fixed-rate self-cert and buy-to-let products with a rate of just 5.99 per cent.

Finally, the lender said that it would be introducing a 75 per cent loan to value (LVT) tier on buy-to-let and self-cert fixed-rate products.

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

"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 and the new 75 per cent LTV tier has been introduced for borrowers that want to put more into their investment."

All of the new deals will be available from today (October 22nd).

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