WHATEVER YOUR AGE, YOU CAN APPLY FOR A MORTGAGE

Later life lending 

Can I get a mortgage at 60? 65? 70? Whatever your age, the answer is ‘Yes!’ with Leek United – because our mortgages have no upper age limit!

  • Up to 80% loan to value^
  • Applications assessed on their merits, not your age
  • Free face to face mortgage advice in branch or over the phone from the comfort of your own home

This type of borrowing can be a good option if you can afford to pay back the capital and the interest payments and want to pay off the entire mortgage by the end of the term.

If you're looking for borrowing into or in retirement, speak to one of our friendly mortgage advisers to find out more.  Enquire below, visit us in branch or call

0808 169 6681

Call us free between 9am - 5pm (Monday - Friday) to make an appointment with one of our Qualified Mortgage Advisers.

Appointments available between:

8am - 7pm Monday - Thursday

8am - 5pm - Friday

9am - 4pm - Saturday

If you call outside these hours please leave a message and we will call back as soon as possible during office hours.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Later Life Lending - fixed rate products

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
2145 2 Year Fixed rate - up to 95% Loan to Value £0 £0 2.50% Fixed until 30 November 2022 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View
2144 5 Year Fixed Rate - up to 90% Loan to Value £0 £0 2.50% Fixed until 30 November 2025 5.19% 4.4% Annual Percentage Rate of Charge (APRC)* View
2135 2 Year Fixed Rate - up to 90% Loan to Value £0 £0 2.28% Fixed until 30 November 2022 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View
2149 5 Year Fixed Rate - up to 80% Loan to Value £0 £995 1.55% Fixed until 30 November 2025 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View
1303 5 Year Fixed Rate - up to 80% Loan to Value £0 £0 2.05% Fixed until 30 November 2025 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View
2136 5 year Fixed Rate - up to 80% Loan to Value £0 £0 1.80% Fixed until 30 November 2025 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View
1300 5 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £895 £100 1.85% Fixed until 30 November 2025 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View
1304 5 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £1395 £100 1.70% Fixed until 30 November 2025 5.19% 4.3% Annual Percentage Rate of Charge (APRC)* View
2137 2 Year Fixed Rate - up to 80% Loan to Value £0 £0 1.53% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1301 2 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £0 £0 1.80% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1305 2 Year Fixed Rate - up to 80% Loan to Value WITH £400 CASHBACK £1395 £100 1.43% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1307 5 Year Fixed Rate - up to 75% Loan to Value WITH £400 CASHBACK £1395 £100 1.55% Fixed until 30 November 2025 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View
1306 2 Year Fixed rate - up to 75% Loan to Value WITH £400 CASHBACK £1395 £100 1.25% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
2143 2 Year Fixed Rate (Interest Only) - up to 75% Loan to Value** £0 £0 3.20% Fixed until 30 November 2022 5.19% 5.0% Annual Percentage Rate of Charge (APRC)* View
2141 5 Year Fixed Rate - up to 60% Loan to Value £0 £0 1.60% Fixed until 30 November 2025 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View
2140 2 Year Fixed Rate - up to 60% Loan to Value £0 £0 1.33% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1309 2 Year Fixed Rate - up to 60% Loan to Value £0 £0 1.60% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1308 2 Year Fixed Rate - up to 60% Loan to Value WITH £400 CASHBACK £895 £100 1.29% Fixed until 30 November 2022 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View

^No maximum age. Each case is assessed on it’s own merits. Loan to value (LTV) restrictions will apply based on age at the end of the mortgage term:-

In to retirement                         -  80% LTV

In Retirement                            -  70% LTV

* The actual rate available will depend upon your circumstances, please 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.

Completion must take place on or before 30 November 2020. Please note that if your mortgage does not complete by 30 November 2020, 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 1.80% and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:

1 monthly repayment of £6.15, followed by
24 monthly repayments of £516.98, followed by
276 monthly repayments of £723.49

The total amount payable would be £212,236.91 made up of the loan amount of £125,000.00 plus interest (£87,096.91) a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.6% 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.

Later Life Lending - discount products

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
2146 2 year Discount - up to 95% 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
2138 2 year Discount - up to 80% LTV £0 £0 1.30% Variable for 2 years (our standard variable rate minus 3.89% for 2 years) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
1302 2 Year Discount - up to 80% Loan to Value WITH £400 CASHBACK £0 £0 1.60% Variable for 2 years (our standard variable rate minus 3.59% discount) 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View
2150 2 year Discount Interest Only - up to 75% LTV** £0 £0 2.50% Variable for 2 years (our standard variable rate minus 2.69% discount) 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View
1299 Interest Only 2 Year Discount - up to 75% Loan to Value** £0 £0 2.50% Variable for 2 years (our standard variable rate minus 2.69% discount) 5.19% 4.9% Annual Percentage Rate of Charge (APRC)* View
2139 2 Year Discount - up to 60% Loan to Value £0 £0 1.20% Variable for 2 years (our standard variable rate minus 3.99% discount) 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View

^No maximum age.  Each case is assessed on it’s own merits. Loan to value (LTV) restrictions will apply based on age at the end of the mortgage term:-

In to retirement                         -  80% LTV

In Retirement                            -  70% LTV

* 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 £150,000.00 on a capital and interest (repayment) basis payable over 25 years initially on a discounted variable rate of 1.60% (equal to 3.59% 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 £104.92, followed by
24 monthly repayments of £606.20, followed by
276 monthly repayments of £866.69

The total amount payable would be £254,000.16 made up of the loan amount of £150,000.00 plus interest (£103,860.16) a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.6% 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.