Nationwide closes UCB home loans
Nationwide has shut down UCB Homeloans as the market continues to put a squeeze on specialist lending.
Which means the Rip of loan shark Nationwide Variable rate of 4.79% is being run by Nationwide building society, although the ;etters stil say UCB HOME LOANS
Matthew Wyles, group executive director of Nationwide Building Society, said in the current market place the business case for running two specialist brands had weakened
Nationwide mortgages rip off.. UCB home loans 
We have a U C B buy to let mortgage which has not had any variable rate change since December 2008. The rate UCB are charging us at the moment is 4.99%, and are not prepared to lower it in line with the bank base rate cuts!
Our deal is up in may and we have been told to pay 4.99% . There must be something people can do.
UCB home loans is making excessive money on the back of self employeed people. We are now at 5.59%. Does this mean when LIBOR increases to sy 4% we will be on 9.59% becasue I know they love to put the rate but never down. This type of system will lead to good people lossing their homes and all because of the banks. As per normal it’s the average Joe who pays for the idiots in the glass towers making the wrong choice.
The mail are running a story on UCB