UCB Home Loans

UCB Home Loans Corporation Ltd is a specialist mortgage lender of Nationwide Building Society, working primarily through regulated intermediaries. UCBHL operated out of a single location in Sutton with over 300 employees, relocating to Bournemouth and merging with the Portman Building Society's The Mortgage Works in 2007 following Nationwide's merger with the Portman.[1]

It ceased new lending on the 31st of October 2008, but continues to collect money from its customers at rates that are above average. [[2]]

Existing customers of UCB Homeloans are paying a rate that is currently 4.99%+ above base rates..[3]

References

  1. ↑ "900 jobs to go after Nationwide and Portman merger". 2007-05-18. Retrieved 2009-04-04.
  2. ↑ http://www.fsa.gov.uk/pages/consumerinformation/product_news/mortgages/protect_arrears/index.shtml
  3. ↑ http://www.bankofengland.co.uk/monetarypolicy/Pages/how.aspx
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