At Leek United we’ve been keeping a close eye on the changing dynamics of the mortgage market and responding with enhancements to our products and criteria. By closely tracking the demands and changing demographics taking place in the lending sector we are able to stay at the forefront of the market to help brokers find solutions for their clients’ lending needs – even on those quirky cases.
A wide spectrum of mortgages
We take a realistic approach to every mortgage application and assess every case individually. Our knowledgeable team providing consistent decisions and always view cases with a degree of flexibility alongside our affordability criteria.
Our range of mortgages caters for an extensive range of customers from first time buyers to older borrowers, mortgages for holiday homes and second homes, with new build houses and flats with up to 95% LTV (max loan £400,000).
To further assist brokers, the Leek has an online affordability calculator to quickly help you find a suitable mortgage for your clients from our range by providing an instant affordability decision.
Buy to let improvements
The buy to let market remains resilient to all of the changes that have taken place in recent years and is still a popular form of property investment. Our latest criteria updates include the removal of an affordability assessment^^ which demonstrates our responsive approach to non-homeowner buy to let investors seeking to boost capital appreciation on a property or plan further ahead for their retirement.
We remain committed to this sector and provide a range of fixed rate and discounted products for portfolio investors as well as first-time and non-homeowners landlords.
Meeting the growing demand for later life lending
Our enhanced criteria meets the challenges of an ageing demographic and we are able to help more customers who need mortgages that take them beyond retirement age, or they are older borrowers looking to plan for the next stage of their lives. For example, we can now accept SIPP income as part of the affordability assessment and we have no upper age limits^ at outset or at end of term.
A new-look Intermediary Mortgages Team
We’ve made a number of new appointments recently to strengthen the intermediary team as demand for our mortgage products grows. With a tremendous amount of experience the team provide a high level of service and are proactive in dealing with new case enquiries.
As well as a dedicated telephone team, we have BDMs out on the road meeting brokers face to face. They attend broker training days and work closely with mortgage clubs to interact with brokers to ensure they have all the information they need about our new products and criteria so they can help more clients.
^ We do consider each application on an individual basis so if your client is older and wiser and requires a mortgage term up to retirement or beyond: please call us on 0808 281 9309 or email email@example.com
^^Affordability assessment has been removed for non-homeowner Buy to Let’s (BTL), we just need £20k income and normal interest rate coverageBack to news