UCB Home Loans relaxes buy-to-let lending criteria

UCB Homeloans has made several changes to its buy-to-let products.

It will now consider houses of multiple occupancy on a single assured shorthold tenancy agreement, providing they are single dwellings, let to four tenants or less. UCB will also allow lettings to companies, housing associations and local authorities.

As well as the buy-to-let enhancements, UCB are withdrawing its limited offer self-cert 3-Year tracker at 5.09% and launch of a replacement product, priced at 5.64%.

Keith Astill, managing director at UCB Home Loans, says: “We’ve worked hard to act on the feedback we receive from our intermediaries, in order to enhance our criteria and remove some of the barriers that may prevent them doing business with us.
“We’re now one of the only lenders in the market to accept housing association, local authority and corporate lettings. This should help us extend our reach in the buy-to-let market, whilst further confirming our commitment to this sector.”