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.
Existing customers of UCB Homeloans are paying a rate that is currently 4.99%+ above base rates..[2]
External links
References
- ↑ "900 jobs to go after Nationwide and Portman merger". 2007-05-18. Retrieved 2009-04-04.
- ↑ http://www.bankofengland.co.uk/monetarypolicy/Pages/how.aspx
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