Home specialist lender subsidiary to Nationwide, UCB, has just announced a reorganisation of lending criteria for the buy-to-let mortgage.
The new mortgage can be lent to companies, housing associations and local authorities, and will now consider properties with multiple occupancy on a single assured shorthold tenancy agreement.
"We're now one of the only lenders in the market to accept housing association, local authority and corporate lettings," said UCB Home Loans managing director Keith Astill.
UCB hopes the move will boost business in its buy-to-let mortgage division and the company is offering attractive rate sales to coincide with the announcement.
Mr Astill explained: "We've worked hard to act on the feedback we receive from our intermediaries, in order to enhance our criteria and remove some of the barriers that may prevent them doing business with us."
UCB is currently stepping up efforts in all aspects of mortgage lending, including a free valuation offer that could be valuable to first-time buyers.
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