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Leek United Building Society 3.4% discount until 31/12/2022

Leek United Building Society 3.4% discount until 31/12/2022
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes Yes 1.79% 5.19% 75.0%

Assumed borrowing of £125,000 over 25 years, representative 4.5% APRC. Total amount payable: £266,578.33. Includes interest of £140,583.33, Valuation fee of £0, Booking fee of £100 and Administration fee of £895. Repayments: 61 monthly repayments of £186.46 at 1.79% (variable), then 239 monthly repayments of £540.62 at 5.19% (variable).

Leek United Building Society customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible

Eligibility

Maximum age N/A
Minimum age 18
Location England, Wales
Restricted location note N/A
Existing customer note N/A
Eligibility notes Applicants must have a repayment strategy in place that meets Leek United's Interest Only Policy. Applicants must be aware that the mortgage payment covers interest only and at the end of the mortgage term the applicant will be required to repay the original loan amount.

Mortgage product details

Mortgage types Purchase, Remortgage, First time buyer
Deal type Discount
Tracker type N/A
Payment options Interest only

Mortgage product features

Overpayments allowed Yes
Overpayment limits note Up to 10% of the original loan amount in any 12 month period from the date of completion
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage Yes

Product fees

Arrangement fee £895
Arrangement fee can be added to loan Yes
Booking fee £100
Telegraphic transfer fee £20
Insurance fee £0
Other fees £0

Rate information

Minimum borrowing amount £25,000
Maximum borrowing amount £1,500,000
Minimum term (years) 1
Maximum term (years) 30
Initial deal end date 31.12.22
Initial deal length (months) 24
APRC 4.53%
Initial rate 1.79%
Revert-to rate 5.19%
Maximum LTV 75.0%

Other charges

Exit fees £85
Valuation admin fee £0
Valuation fee From £106 for property value above £75,000
Early repayment note 2% then 1% until end of initial period

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £341
Cash back amount £0
Further notes about benefits N/A

Remortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Free

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Free