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First Steps

At Leek United, we provide a fully advised mortgage service, ensuring that the mortgage applied for is affordable and appropriate to both your current and future circumstances.

To be eligible for a mortgage, you need to be:

  • a UK resident
  • aged 18 or over
  • be employed, self-employed or retired
  • earning a regular income or receiving a pension
  • be creditworthy

Once you have made a decision about where you would like to live, taking into account location, facilities, old or new, size and re-saleability, you will need to contact one of our qualified Mortgage Advisors and consult a Solicitor to act for you and to discuss the legal requirements up to and including completion of the mortgage.

A comprehensive interview will be carried out by one of our Mortgage Advisors in branch or by our Direct Sales Team at head office.  In order to arrange an interview, please call into one of our branches or call our Direct Sales Team on 01538 380047 to arrange to speak to a qualified Mortgage Advisor at a mutually convenient time. 

In all cases, an income and expenditure analysis will be completed and personal information will be required during this process, including net income and details of monthly household expenditure.   If you are self-employed, the income will be based on the latest net profit/average net profit over the last two years.

The information obtained during completion of the analysis also takes into account any possible changes that could take place in the future.  These may include changes in your future income and even changes that are taking place in the market place, for example if the Bank of England base rate goes up.  It is important that we know you can still cope if things become more stretched for your own benefit as well as the Society’s.

Generally, we will lend up to 80% of the purchase price or the valuation of the property, whichever is the lower. 

If you have applied for a mortgage previously, all the checks you may remember from that time still apply, but you will find now that simply working out how much you can borrow from the society, or any other lender, is not just based on your level of earnings. 

Once the income and expenditure analysis has been completed, we will provide you with a Mortgage Illustration which clearly sets out the details of the specific mortgage product that you are interested in.   Once this has been handed to you, you will then be required to complete a mortgage application form.

Once the application form has been completed and received by us, it will be forwarded, together with relevant paperwork, to our Mortgage Applications Department at head office.