Leek United has reported a significant rise in new build mortgages. They have seen an overall increase of 210% on new build business from 2018 to 2019, which includes a 312% rise from first time buyer completions.
Leek United has developed well-defined products and clear-cut criteria for new build mortgages, and this strategy has helped deliver this set of positive results with their proposition for this property type proving to be very popular.
Leek United provide up to 95% LTV on new build houses and flats and up to 75% LTV on studio flats with no size restrictions. They also don’t credit score and assess each case individually on its own merits, applicants just need 2 satisfactory active lines of credit between them when borrowing over 90% LTV, they accept gifted deposits from family members and new build offers are valid for 6 months.
Lisa Buckley, Head of Sales and Marketing at Leek United, said: “Our performance on new build mortgages is the result of well defined products and clear cut criteria which have helped deliver these results.
“We have specialist new build expertise right across the business including Business Development Managers and an underwriting team who consider each case individually.
“We keep a close eye on mortgage market developments and with new build being an important sector of the market we are delighted our response to the requirements of new build buyers has been such a success.”
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