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Leek United increases loan limit by £100k

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  • 25/06/2018
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Leek United increases loan limit by £100k
Leek United has increased its lending limit by £100k from £300,000 to £400,000 on 95% loan-to-value (LTV) mortgages.

 

The society’s revised lending limits are now up to £400,000 on 95% LTV, £400,001 to £500,000 on 80% LTV and £500,001 plus on 75% LTV.

Other mortgages in the society’s portfolio are also affected by the lending limit increase.

Leek United mortgages 1111 and 1127 – both 95% LTV products – also 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.”

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