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. 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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