Helping First Time Buyers overcome mortgage challenges

Our team at Leek Building Society recently had the opportunity to assist a pair of young first-time buyers who were struggling to secure a mortgage for their dream home. The applicants were seeking a loan of £350,000, with a 95% LTV, in order to purchase a new-build flat. However, the path to securing a mortgage was proving difficult due to several factors that limited their options with high street lenders.

"Thanks to our flexible and understanding approach, we were able to offer the couple a mortgage at 95% LTV, enabling them to purchase their first home - a new build flat. This case highlights our commitment to helping first-time buyers, even when their circumstances don’t fit the mould of traditional high street lending criteria. By considering the full picture, we successfully helped these young applicants overcome their challenges and take their first step onto the property ladder."

Deborah Bree, Business Development
Manager at Leek Building Society