Founded 1972 | ||
Parent organization Nationwide Building Society | ||
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.
It ceased new lending on the 31st of 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..
References
UCB Home Loans Wikipedia(Text) CC BY-SA