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Spread your wings on the property market

If you’re ready to find your own home, first time buyer mortgages from Leek United could help you turn your dream into bricks-and-mortar reality.

Experienced support when you need it most: Buying your first property can be a daunting step. It’s easy to feel overwhelmed as you scour the market for the best mortgage deal.

But with Leek United by your side, you’ll benefit from: 
More than 150 years’ experience, a friendly team that will help you make sense of our mortgage products and get personal support and free advice from our Qualified Mortgage Advisers.

We won’t be happy unless you understand every last detail about your potential mortgage. And that means you can be confident the first time buyer mortgage we recommend is the right one for you.

 

Mortgage Products Available

Fixed Rate Mortgages

A fixed rate for a set amount of time, providing you with stability and guaranteeing your monthly repayment amount, regardless of any changes in interest rates.

Once this fixed period ends, your mortgage rate will change back to our Standard Variable Rate (SVR) at the current rate at this time.

Product Product Fee Application Fee Initial Rate Reverting to standard variable rate currently Overall cost for comparison Terms and Conditions
1516 5 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK (Min loan £100,000) £995 £0 3.68% Fixed until 30 November 2026 5.19% 4.6% Annual Percentage Rate of Charge (APRC)* View  
1515 2 Year Fixed Rate - up to 95% Loan to Value WITH £500 CASHBACK (Min loan £100,000) £495 £0 3.54% Fixed until 30 November 2023 5.19% 4.9% 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  
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  
1486 5 Year Fixed Rate - up to 90% Loan to Value WITH £500 CASHBACK £495 £0 3.35% Fixed until 30 November 2026 5.19% 4.5% Annual Percentage Rate of Charge (APRC)* View  
1485 2 Year Fixed Rate - up to 90% Loan to Value WITH £500 CASHBACK £495 £0 3.04% Fixed until 30 November 2023 5.19% 4.8% Annual Percentage Rate of Charge (APRC)* View  
1520 5 Year Fixed Rate - up to 85% Loan to Value (Min loan £100,000) £995 £0 2.45% Fixed until 30 November 2026 5.19% 4.1% Annual Percentage Rate of Charge (APRC)* View  
1519 5 Year Fixed Rate - up to 85% Loan to Value (Min loan £100,000) £0 £0 2.59% Fixed until 30 November 2026 5.19% 4.2% Annual Percentage Rate of Charge (APRC)* View  
1518 2 Year Fixed Rate - up to 85% Loan to Value (Min loan £100,000) £495 £0 2.19% Fixed until 30 November 2023 5.19% 4.7% Annual Percentage Rate of Charge (APRC)* View  
1517 2 Year Fixed Rate - up to 85% Loan to Value (Min loan £100,000) £0 £0 2.40% Fixed until 30 November 2023 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  
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  

* 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.

Discount Mortgages

A discount mortgage is a type of variable-rate mortgage. The term 'discount' is used because the interest rate is set at a certain 'discount' below our Standard Variable Rate (SVR) for a set period of time.

Having a discount mortgage means you can be sure that your rate will always remain below our SVR for the length of the deal.

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  
1521 2 Year Discount - up to 85% Loan to Value (Min loan £100,000) £0 £0 1.99% Variable for 2 years (our standard variable rate minus 3.20% 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  
1483 2 Year Discount - up to 75% Loan to Value (Minimum loan £200,000) £1495 £0 0.99% Variable for 2 years (our standard variable rate minus 4.20% discount) 5.19% 4.5% Annual Percentage Rate of Charge (APRC)* View  
1484 INTEREST ONLY** 2 Year Discount - up to 75% Loan to Value £199 £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  

* 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.

Top 10 questions we get asked by First Time Buyers

Friendly, face to face support

We’re not like other lenders: we assess every application on its merits and get to know you from the moment you first make contact. Our personal service starts from the very beginning, either through face to face meetings or in-depth telephone conversations. With Leek United, you’ll always be a valued customer we know personally – not just a number on a spreadsheet.

Expert advice from Qualified Mortgage Advisers

Fully trained and available over the phone or in every Leek United branch, our team of Qualified Mortgage Advisers help First Time Buyers through every stage of the mortgage process. They’ll meet with you for an initial discussion, listen closely to your needs and circumstances, and guide you through it all until moving day becomes a reality.

Jayne Fallows

Jayne Fallows

Qualified Mortgage Adviser

Call: 0808 169 6680

Nicola Ledward

Nicola Ledward

Qualified Mortgage Adviser

Call: 0808 169 6680

Laura Panek

Laura Panek

Qualified Mortgage Adviser

Call: 0808 169 6680

Laura Bradshaw

Laura Bradshaw

Qualified Mortgage Adviser

Call: 0808 169 6680

Chloe Bason

Chloe Bason

Qualified Mortgage Adviser

Call: 0808 169 6680

Marie Gilman

Marie Gilman

Qualified Mortgage Adviser

Call: 0808 169 6680

Joanne Morgan

Joanne Morgan

Qualified Mortgage Adviser

Call: 0808 169 6680

Download our FREE First Time Buyers guide

Designed to help you through the entire process of buying your first home, it covers each stage of the process – from first dreaming about your new property to the nuts-and-bolts of what to do during the first week in your new pad.

Download now

Mortgage FAQs

Find answers to the most commonly asked mortgage questions.

Find out more
Help to Buy

Help to Buy

Help to Buy loans are available for First Time Buyers and home movers who would like to buy a new build property.

Find out more
Local Authority Mortgage Scheme

Local Authority Mortgage Scheme

Available through Staffordshire Moorlands, North East Derbyshire & Bolsover District Councils, they are designed to help local First Time Buyers borrow up to 95% of the purchase price. Post code restrictions do apply.

Find out more
Feelgood Mortgage

FeelGood Factor*

If you hold a savings account with us, our FeelGood Factor is the perfect way to help a local charity, get cash back for yourself and end up with a mortgage from your local Building Society. *T&Cs apply

Find out more

Our mortgage calculator

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Call us free between 9am - 5pm (Monday - Friday) on 0808 169 6680 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.

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Make an appointment with a Qualified Mortgage Adviser or call 0808 169 6680

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