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07 Feb, 2008

Laura Stavro-Beauchamp
Date: 07-Feb-2008

UCB Home Loans has launched buy-to-let rental cover products for up to 85% LTV.
The two-year fixed product is available at 5.54% for a £3,995 arrangement fee. Other products in the range feature fees as low as £95.

Rates have also been dropped across the existing buy-to-let fixed rate range with rates starting from 5.43% and 85% LTVs.

A five-year fixed rate self-cert product has also been introduced at a rate of 6.19% for 75% LTV. A £95 arrangement fee applies.

Andy McQueen, managing director of Nationwide Specialist Lending, says: "We've expanded the range of rental cover buy-to-let products to offer even greater choice to borrowers. The high fee, low rate products will be ideal for brokers whose clients are looking for lower monthly payments, but for those who require low initial costs we also have a number of other fee options starting from £95."

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