UCB Home Loans' mortgage offers introduced

Wednesday 29 March 2006

UCB Home Loans, the specialist lender of Nationwide, has announced changes to its self-certification and buy-to-let mortgages which will come into effect from Thursday March 30th.

Borrowers will now be able to borrow up to four times their annual income, an increase from the current maximum of 3.25.

Joint applicants can also borrow up to 3.25 times their joint annual income from the current maximum of 2.75, an offer which Keith Astill, UCB Home Loans managing director, describes as a "realistic solution for the needs of today's borrowers".

He said that a "range of criteria" such as a customer's monthly outgoings would be assessed on UCB Home Loans' self-certification and buy-to-let mortgages to ensure a "considered and responsible approach".

Further information about UCB Home Loans is available on its website.

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UCB Home Loans' mortgage offers introduced