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Leek United raises loan limit

Tom Belger | 07:30 Wednesday 27th June 2018

Leek United has increased its mortgage lending limit from 85% LTV and above.

This includes a £100,000 rise – from £300,000 to £400,000 – on its 95% LTV mortgages, with immediate effect.

Current Leek United mortgages 1111 and 1127 – both 95% LTV products – now benefit from a revised loan limit of £400,000. 

Leek’s revised lending limits are now: 

up to £400,000 – 95% LTV
£400,001 to £500,000 – 80% LTV
£500,001 plus – 75% LTV

Clare Beardmore, head of mortgage sales at Leek United (pictured above), said that this was terrific news for homebuyers.

“It follows the recent doubling of Leek United’s offer period to six months, and now gives us even greater scope and flexibility in our lending.”

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