UCB Home Loans

UCB Home Loans Corporation Ltd (from Union de Crédit pour le Bâtiment) 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 31 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". 18 May 2007. Retrieved 4 April 2009.
  2. "Accessing Financial Services Authority website content". 20 May 2019.
  3. "Bank of England | Monetary Policy | How Monetary Policy Works". www.bankofengland.co.uk. Archived from the original on 13 March 2012.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.