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Leek have improved their Criteria

21 August 2017

Leek United bs logo

From 01 September, Leek will be making the following criteria Changes to RLP. 

  • Maximum loan amount has increased to £1.5m
  • Maximum loan term increased to 40 years
  • Increase maximum loan amount to 95%
  • 95% loan amount increased to £300k
  • Inclusion of converted flats in acceptable property types 

These changes are effective for any case that is offered on from the date of 1 Sept 17.  Cases will be underwritten against this new criteria but won’t be offered on until after 31 August 17. 

The highlights of the first time buyer and 95% mortgage products are as follows: 

  • Fee Free 2 year fixed rate 4.49% – 95%, No fees, free val, Free legals (First time buyers only)
  • Fee Free 5 year fixed rate 4.59% - as above
  • 2 year fixed rate 4.29% - 95%, No fees, £500 cashback (Purchase applications only)
  • 5 year fixed rate 4.49% - 95%, As above 

Case Ownership 

Following a successful pilot, case ownership has been reintroduced.  It is envisaged that this will lead to a better customer experience and it is hoped that the days to offer are drastically reduced.  It is expected that this new way of working will progress as time goes by to further enhance the service.

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