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Leek United boosts loan limit by £100,000

New lending limits for different LTV bands

by Kevin Rose
26 June 2018
Pepper cuts non-conforming residential rates
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Leek United has increased its mortgage lending limit from 85% LTV and above.

The change sees a £100,000 increase from £300,000 to £400,000 on the society’s 95% loan to value (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.

Clare Beardmore, the society’s head of mortgage sales, said: “This is 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.”

The Society’s revised lending limits are now as follows:

  • Up to £400,000 – 95% LTV
  • £400,001 to £500,000 – 80% LTV
  • £500,001+ – 75% LTV

Other mortgages in the Society’s portfolio are also affected by the lending limit increase. 90% LTV products – all of which have a maximum loan amount of £1.5m – had a maximum 90% LTV limit of £300,000. This, too, has now been increased to £400,000.

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing
  • LOANS

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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