Mortgages for new build property

Welcome to our New Build Hub. Here you’ll find helpful and informative articles about this important sector, as well as links to our well-defined products and clear-cut criteria to support new build property and help intermediaries maximise the opportunities available.

Leek United's new build criteria:

 

We also cater for landlords buying new build properties to rent:

Every application is considered individually and we provide timely support as applications are processed. 

*Available for loans of up to £400,000

Want to find out more? Call our new build helpline today.

George Simpson

George Simpson

Business Development Manager

Call: 0808 196 2410

Deb Bree

Deb Bree

Business Development Manager (South)

Call: 07711 233106

Leek United's market insights

Leek United products

Discount Mortgages

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
1508 POSTCODE RESTRICTED 2 Year Discount - up to 95% Loan to Value WITH £500 CASHBACK £0 £0 3.49% Variable for 2 years (our standard variable rate minus 1.70% discount) 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View  
1543 2 Year Discount - up to 90% Loan to Value WITH £500 CASHBACK £0 £0 2.29% Variable for 2 years (our standard variable rate minus 2.90% discount) 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1556 2 Year Discount - up to 85% Loan to Value £0 £0 1.70% Variable for 2 years (our standard variable rate minus 3.49% discount) 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  
1493 2 Year Discount - up to 80% Loan to Value WITH £400 CASHBACK £0 £0 1.70% Variable for 2 years (our standard variable rate minus 3.49% discount) 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  
1497 REMORTGAGE ONLY 2 Year Discount - up to 75% Loan to Value WITH £400 CASHBACK £0 £0 1.20% Variable for 2 years (our standard variable rate minus 3.99% discount) 5.19% 4.5% Annual Percentage Rate of Charge (APRC)* View  
1553 INTEREST ONLY** 2 Year Discount - up to 75% Loan to Value £0 £0 2.09% Variable for 2 years (our standard variable rate minus 3.10% discount) 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View  
1552 INTEREST ONLY** 2 Year Discount - up to 75% Loan to Value £495 £0 1.79% Variable for 2 years (our standard variable rate minus 3.40% discount) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  

* The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
​** If you choose an interest only mortgage, you must have a clearly understood and credible repayment strategy in line with the Society’s responsible lending criteria.

Representative Example (based on a house purchase):
The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your main residential property: A mortgage of £125,000.00 on a capital and interest (repayment) basis payable over 25 years initially on a discounted variable rate of 3.49% (equal to 1.70% discount off our Standard Variable Rate) for 2 years and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:
1 monthly repayment of £191.23, followed by
24 monthly repayments of £623.36, followed by
276 monthly repayments of £733.21
The total amount payable would be £217,657.83 made up of the loan amount of £125,000.00 plus interest (£92,517.83) a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.9% APRC representative. Please note: the example above is for a residential property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details. 

Fixed Rate

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
1535 5 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK (Min loan £100,000) £0 £0 3.59% Fixed until 31 January 2027 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  
1507 POSTCODE RESTRICTED 5 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK £0 £0 3.89% Fixed until 30 November 2026 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1534 2 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK (Min loan £100,000) £0 £0 3.49% Fixed until 31 January 2024 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View  
1506 POSTCODE RESTRICTED 2 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK £0 £0 3.84% Fixed until 30 November 2023 5.19% 5.0% Annual Percentage Rate of Charge (APRC)* View  
1559 5 Year Fixed Rate - up to 90% Loan to Value WITH £400 CASHBACK £0 £0 2.80% Fixed until 31 January 2027 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View  
1560 5 Year Fixed Rate - up to 90% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £995 £0 2.60% Fixed until 31 January 2027 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View  
1557 2 Year Fixed Rate - up to 90% Loan to Value WITH £400 CASHBACK £0 £0 2.42% Fixed until 31 January 2024 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1563 5 Year Fixed Rate - up to 85% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £0 £0 2.35% Fixed until 31 January 2027 5.19% 4.1% Annual Percentage Rate of Charge (APRC)* View  
1564 5 Year Fixed Rate - up to 85% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £995 £0 2.15% Fixed until 31 January 2027 5.19% 4.0% Annual Percentage Rate of Charge (APRC)* View  
1561 2 Year Fixed Rate - up to 85% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £0 £0 2.10% Fixed until 31 January 2024 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1562 2 Year Fixed Rate - up to 85% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £995 £0 1.60% Fixed until 31 January 2024 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  
1558 2 Year Fixed Rate - up to 85% Loan to Value WITH £400 CASHBACK (Min loan £100,000) £995 £0 1.95% Fixed until 31 January 2024 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1492 5 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £1495 £0 2.12% Fixed until 30 November 2026 5.19% 4.0% Annual Percentage Rate of Charge (APRC)* View  
1494 REMORTGAGE ONLY 5 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £1495 £0 2.09% Fixed until 30 November 2026 5.19% 4.0% Annual Percentage Rate of Charge (APRC)* View  
1495 REMORTGAGE ONLY 5 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £0 £0 2.46% Fixed until 30 November 2026 5.19% 4.1% Annual Percentage Rate of Charge (APRC)* View  
1491 2 Year Fixed Rate - up to 80% Loan to Value £1495 £0 1.78% Fixed until 30 November 2023 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1496 REMORTGAGE ONLY 2 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK £995 £0 1.34% Fixed until 30 November 2023 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  

* The actual rate available will depend upon your circumstances, please ask for a personalised illustration.

Completion must take place on or before 30 November 2021. Please note that if your mortgage does not complete by 30 November 2021, you will not benefit from the full fixed rate period quoted for that product.

Representative Example (based on a house purchase):

The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your main residential property: A mortgage of £125,000.00 on a capital and interest (repayment) basis payable over 25 years initially on a fixed rate for 2 years fixed at 3.84% and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:
1 monthly repayment of £13.15, followed by
24 monthly repayments of £646.80, followed by
276 monthly repayments of £735.05
The total amount payable would be £218,550.15 made up of the loan amount of £125,000.00 plus interest (£93,410.15) a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 5.0% APRC representative.
Please note: the example above is for a residential property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.

Buy to Let Discount

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
1551 Buy to Let 2 Year Discount - up to 75% Loan to Value £0 £0 1.66% Variable for 2 years (our standard variable rate minus 3.53% discount) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  
1545 Regulated Buy to Let 2 Year Discount - up to 75% Loan to Value £0 £0 2.00% Variable for 2 years (our standard variable rate minus 3.19% discount) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  
1544 Portfolio Buy to Let 2 Year Discount - up to 75% Loan to Value £0 £0 2.20% Variable for 2 years (our standard variable rate minus 2.99% discount) 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View  
1546 Non-homeowner Buy to Let 2 Year Discount - up to 75% Loan to Value £0 £0 2.00% Variable for 2 years (our standard variable rate minus 3.19% discount) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  

* The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Representative Example (based on a Portfolio Investment Property Purchase):
The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your investment property: A mortgage of £125,000.00 on an interest only basis payable over 25 years initially on a discounted variable rate of 2.20% (equal to 2.99% discount off our Standard Variable Rate) for 2 years and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:
1 monthly repayment of £128.08, followed by
24 monthly repayments of £228.76, followed by
276 monthly repayments of £538.37
1 final payment of £125,000.00
The total amount payable would be £279,348.44 made up of the loan amount of £125,000.00 plus interest (£154,208.44) a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.9% APRC representative. Please note: the example above is for a portfolio investment property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.

Buy to Let Fixed Rate

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
1550 Buy to Let 5 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK £995 £0 2.05% Fixed until 31 January 2027 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View  
1540 REMORTGAGE ONLY Buy to Let 5 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK (Min loan £150,000) £0 £0 2.11% Fixed until 31 January 2027 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View  
1549 Buy to Let 2 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK £995 £0 1.90% Fixed until 31 January 2024 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View  
1539 REMORTGAGE ONLY Buy to Let 2 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK (Min loan £150,000) £0 £0 1.96% Fixed until 31 January 2024 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  
1548 Buy to Let 5 Year Fixed Rate - up to 65% Loan to Value WITH £400 CASHBACK £995 £0 1.96% Fixed until 31 January 2027 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View  
1547 Buy to Let 2 Year Fixed Rate - up to 65% Loan to Value WITH £400 CASHBACK £995 £0 1.70% Fixed until 31 January 2024 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  

* The actual rate available will depend upon your circumstances, please ask for a personalised illustration.

Completion must take place on or before 30 November 2021. Please note that if your mortgage does not complete by 30 November 2021, you will not benefit from the full fixed rate period quoted for that product.

Representative Example (based on a Non-portfolio Investment property):

The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your investment property: A mortgage of £250,000.00 on an interest only basis payable over 25 years initially on a fixed rate for 2 years fixed at 1.90% and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:
1 monthly repayment of £13.01, followed by
24 monthly repayments of £395.22, followed by
276 monthly repayments of £1,076.75
1 final payment of £250,000.00
The total amount payable would be £558,316.29 made up of the loan amount of £250,000.00 plus interest (£306,681.29) product fee of £1495, a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.9% APRC representative.
Please note: the example above is for an investment property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.

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