Leeds Building Society
A high-street branch of the Leeds Building Society in Peterborough
|Building Society (Mutual)|
|Industry||Banking and Financial Services|
|Headquarters||105 Albion Street, Leeds, England LS1 5AS|
Number of locations
|Peter Hill, Chief Executive |
|Products||Savings, Mortgages, Investments,
|£207.5million GBP (December 2015), 12% on 2014|
|Total assets||£13.5 billion GBP (December 2014), 12% on 2013|
Number of employees
Leeds Building Society is the fifth largest in the UK and serves approximately 719,000 customers across the UK who together hold £9.9 billion in savings balances. In 2015 their average interest rate paid to savers was 1.78% (1.2% UK average) and their net mortgage lending was £1.4bn (£1.1bn 2014).
The society was registered as the Leeds and Holbeck (Permanent) Building Society in 1875, though the society originated from a group called the Leeds Union Operative Land and Building Society which formed in 1845. The society was renamed to Leeds Building Society in September 2005. It has 65 branches across the UK, with 29 located in Yorkshire and it has a branch in Gibraltar and a branch in Dublin. Its head office is located on The Headrow in Leeds city centre. It should not be confused with the defunct Leeds Permanent Building Society, which was also known as The Leeds, and merged with the Halifax Building Society on 1 August 1995.
In July 2006 Leeds Building Society was voted "Best Building Society" by Mortgage Magazine. This award is judged by an independent panel and takes into account long term value, customer service, how easy products are to understand and commitment to mutuality, as well as competitive interest rates.
On 1 August 2006, following approval by the Mercantile members and confirmation by the Financial Services Authority (FSA), Leeds Building Society merged with Mercantile Building Society. Mercantile members overwhelmingly supported the proposal at the Society’s AGM at the end of April with 97% of the votes in favour of the merger. It is a member of the Building Societies Association.
- CACI data http://www.caci.co.uk/retail-finance-benchmarking
- "Mergers and Conversion". Building Societies Association. 1 July 2013. Retrieved 21 April 2014.
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