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Leek United Building Society

ABOUT Leek United BS

The Leek United Building Society was established in 1863. In 1954 the Society opened its first branch in Derby.

The Leek is now represented in 4 counties, namely Staffordshire, Derbyshire, Cheshire and Shropshire and has 13 different offices. The Society employs approximately 180 clerical employees.

Leek United is the 26th largest Building Society, with assets of over £590 million, and has regularly featured within the national best buy tables for offering competitive mortgage products.

The wide range of products and excellent customer service ensures that it maintains a competitive advantage as “the friendlier face of finance”. It is committed to remaining a mutual organisation.

The Leek United Building Society has the following mortgages on offer:

Discount
Buy to Let
Re-mortgages
First Time Buyer

Leek United Building Society Mortgage Products

Discount: there are 3 different types of discount mortgage available. Each one is set at the Society’s standard variable rate less a discount for a set period depending on which product you choose. Mortgage Plus: the initial rate of the mortgage is set at the Society’s standard variable rate less a discount for 4 years. Interest is calculated on a daily basis. Repayments may be made of up to 10% in any 12 month period. An early repayment charge will apply if the mortgage is repaid within the first 4 years. Flexible: set a discount off the standard variable rate for the first 10 years of the mortgage. If you want to overpay some of your repayments and then take a payment holiday you can do that with a flexible mortgage. There is also a draw down feature that can refund your previous overpayments. Stepped Mortgage: this mortgage is designed to bring your initial discount rate back in line with the standard variable rate after 3 years of staggered rate increases. There is a cash back offer on completion of the mortgage too. An early repayment charge may apply for the first 3 years. Buy to Let: this type of re-mortgage is for people who own a second property for investment purposes. The mortgage rate is set at a discount off the standard variable rate for the first 3 years.
Re-mortgages: Leek United has two options, the Fee Free Flexi Re-mortgage and also the Fee Free Re-mortgage. Fee Free Flexi Re-mortgage: this mortgage has a long term discount and interest is calculated on a daily basis. You can make regular overpayments and there is no early repayment charge. A draw down feature is also available. There is no application fee. Fee Free Re-mortgage: get a discount off the standard variable rate for the next 3 years. There is no application fee and no valuation fee. Leek United Building Society also offers a special First Time Buyer mortgage. The discount is staggered like the Stepped Mortgage offer but the discount for this mortgage is even larger. Your mortgage repayments will be especially low in the first year, just when you need them to be. Other features also include: Cash Back in the first year. No application fee. Interest is calculated on a daily basis. If the mortgage is repaid within the first 3 years then an early repayment charge will apply. If you are interested in a mortgage quotation including those offered by Leek United Building Society please complete our quick enquiry form.

Leek United Building Society Mortgage Products

Discount: there are 3 different types of discount mortgage available. Each one is set at the Society’s standard variable rate less a discount for a set period depending on which product you choose.

Mortgage Plus: the initial rate of the mortgage is set at the Society’s standard variable rate less a discount for 4 years. Interest is calculated on a daily basis. Repayments may be made of up to 10% in any 12 month period. An early repayment charge will apply if the mortgage is repaid within the first 4 years.

Flexible: set a discount off the standard variable rate for the first 10 years of the mortgage. If you want to overpay some of your repayments and then take a payment holiday you can do that with a flexible mortgage. There is also a draw down feature that can refund your previous overpayments.

Stepped Mortgage: this mortgage is designed to bring your initial discount rate back in line with the standard variable rate after 3 years of staggered rate increases. There is a cash back offer on completion of the mortgage too. An early repayment charge may apply for the first 3 years.

Buy to Let: this type of re-mortgage is for people who own a second property for investment purposes. The mortgage rate is set at a discount off the standard variable rate for the first 3 years.

Re-mortgages: Leek United has two options, the Fee Free Flexi Re-mortgage and also the Fee Free Re-mortgage.

Fee Free Flexi Re-mortgage: this mortgage has a long term discount and interest is calculated on a daily basis. You can make regular overpayments and there is no early repayment charge. A draw down feature is also available. There is no application fee.

Fee Free Re-mortgage: get a discount off the standard variable rate for the next 3 years. There is no application fee and no valuation fee.

Leek United Building Society also offers a special First Time Buyer mortgage. The discount is staggered like the Stepped Mortgage offer but the discount for this mortgage is even larger. Your mortgage repayments will be especially low in the first year, just when you need them to be. Other features also include:

Cash Back in the first year. No application fee. Interest is calculated on a daily basis. If the mortgage is repaid within the first 3 years then an early repayment charge will apply.

If you are interested in a mortgage quotation including those offered by Leek United Building Society please complete our quick enquiry form.

Current Leek United Building Society Mortgage Offers

Leek United Building Society Mortgage News
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