Leek United launches 5-year fixed rate for L&G members

Michael Lloyd

May 31, 2019

Leek United has launched an exclusive 5-year fixed rate mortgage for Legal & General Mortgage Club brokers.

The 5-year fixed product has a rate of 2.50%, offers a £250 cashback and a £995 fee with a maximum loan-to-value of 90%.

John Kelly, the society’s operations director, said: “We’re delighted to work in conjunction with our long term business partner Legal & General Mortgage Club to provide an exclusive product for their intermediary members.

“Fixed rates are a popular choice for many and are proving attractive to both customers and intermediaries alike and we’re pleased to develop this new product offering through their distribution channel.”

Danny Belton, head of lender relationships, Legal & General Mortgage Club, added: “There has been a strong focus on higher loan-to-value lending this year which is supporting first-time buyers, as well as those looking to remortgage, or come out of the Help to Buy or Shared Ownership schemes.

“It’s great to work with building societies such as Leek United who understand the needs of today’s customers and can provide excellent exclusive products like this, coupled with their manual approach to underwriting, to Legal & General Mortgage Club members.”

Leek United has been a long-established lending partner of Legal & General Mortgage Club.

As well as free valuations on all mortgages, Leek United’s mortgage range also includes options for buy-to-let landlords with fixed rate and discounted products, including first-time and non-homeowner landlords.

Leek also offer mortgages for holiday homes and second homes, with every mortgage application being assessed individually.

Leek has launched an online affordability calculator to quickly help customers find a suitable mortgage from its range by providing an instant affordability decision.

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