Leek United launches 5-year mounted price for L&G members

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Leek United has launched an unique 5-year mounted price mortgage for Authorized & Normal Mortgage Membership brokers.

The 5-year mounted product has a price of two.50%, provides a £250 cashback and a £995 price with a most loan-to-value of 90%.

John Kelly, the society’s operations director, stated: “We’re delighted to work along side our long run enterprise companion Authorized & Normal Mortgage Membership to offer an unique product for his or her middleman members.

Common 2-year fixes have fallen at each LTV tier over final 5 years

“Mounted charges are a well-liked selection for a lot of and are proving enticing to each prospects and intermediaries alike and we’re happy to develop this new product providing by way of their distribution channel.”

Danny Belton, head of lender relationships, Authorized & Normal Mortgage Membership, added: “There was a powerful give attention to greater loan-to-value lending this yr which is supporting first-time patrons, in addition to these seeking to remortgage, or come out of the Assist to Purchase or Shared Possession schemes.

“It’s nice to work with constructing societies akin to Leek United who perceive the wants of at this time’s prospects and might present wonderful unique merchandise like this, coupled with their guide strategy to underwriting, to Authorized & Normal Mortgage Membership members.”

Leek United has been a long-established lending companion of Authorized & Normal Mortgage Membership.

In addition to free valuations on all mortgages, Leek United’s mortgage vary additionally consists of choices for buy-to-let landlords with mounted price and discounted merchandise, together with first-time and non-homeowner landlords.

Leek additionally provide mortgages for vacation properties and second properties, with each mortgage utility being assessed individually.

Leek has launched a web-based affordability calculator to rapidly assist prospects discover a appropriate mortgage from its vary by offering an instantaneous affordability resolution.