Leek United has launched a new residential affordability calculator to help brokers work out if their clients’ lending amount is affordable when applying for a mortgage.
The society revealed that its calculator, which will be used by underwriters as well as brokers to ensure the consistency of decisions, can accommodate many different income streams including; employed, self-employed, pension and investment income.
The calculator will provide benefits for both brokers and their clients, including a unique code that can be accessed by Leek United underwriters and Business Development Managers (BDMs) – meaning brokers can discuss their calculations easily with any member of Leek United’s intermediary team – as well as faster results, with the streamlined calculator making it quicker to complete using the information contained within the brokers own fact find.
Leek United head of sales and marketing, Lisa Buckley, commented: “Our new affordability calculator is simple to use and enables brokers to obtain a quick and reliable result, confirming if the mortgage amount requested by their clients is affordable.
“The calculator can accommodate many different income streams including; employed, self-employed, pension and investment income. By entering just a few details, the new calculator reduces broker’s time and allows them to quickly get information.
“We’ve also added a unique code which also improves the experience for brokers when wanting to discuss an affordability calculation with our BDMs or underwriting team.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories