History of Leeds Building Society |
The Leeds Building Society was originally established as the Leeds and Holbeck (Permanent Building) Society
in 1875. The society was renamed the Leeds Building Society in September 2005 and in 2006
the society merged (took over) the Mercantile Building Society. Today the society has 70 branches including one on Gibraltar
and is the 7th largest building society in the United Kingdom. Head
Office Leeds Building Society 105 Albion Street Leeds LS1 5AS Tel 0113 225 7777 info@leedsbuildingsociety.co.uk
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Leeds Building Society Directors Salaries and Remuneration year ended 31/12/2011. |
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Increase in accrued pension |
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(4,000)
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Non Executive Directors Fees |
400,000
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Leeds Building Society Financial Products |
The Leeds has a large range of products including a range of insurance products, foreign currency,financial
planning,the leeds credit card, fixed rate mortgages,offset mortgages,discounted rate mortgages, buy to let, fixed rate and
on the savings side the Society offers online savings accounts, easy access, affinity, fixed rate bonds, isas, postal accounts
and maturity savings accounts. Leeds building
society insurance products include home insurance, motor
insurance, travel insurance, pet insurance and life insurance.
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Financial Results Year Ended 31/12/2011. |
A Profit after tax of £36.6 million was achieved. Mortgage lendingincreased by 25% to £1.23bn
with the average loan to value on new lending 51%. Mortgage arrears reduced to 3.23% of the loan book with provisions of £49
million against residential and commercial lending. Savings balances increased by £153 (excluding capitalised interest) million
during the year and 41,000 new savers joined the society with total membership hitting a record number of 691,000. Management
expenses as a % of mean total assets rose to 0.48% from 0.47% the year before.
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Leeds Building Society Financial Results year ended 31/12/2010. |
Profit after tax of £30.9 million .No FSCS levy was paid as the previous years results accrues it
until 2011. Retail savings rose by £245 million to £7.0 billion
Wholesale
funding dropped to 20% from 23%
Interest margin on core activities rose to 1.15%
Management cost expense ratio rose
to 0.47%
Mortgage arrears were 2.16% (2.24% 2009)
Impairement losses for commercial and residential property £44.2.5
million (2009 £52.5 million)
General Insurance sales generated commissions of £5.5 million and house
insurance policy sales increased by 15%.
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Leeds Building Society Financial Results year ended 31/12/2009. |
Profit after tax of £22.6 million .No FSCS levy was paid as the previous years results accrues it
until 2011. Retail savings rose by £225 million to £6.8 billion
Wholesale
funding dropped to 23% from 29%
Interest margin on core activities rose to 1.12%
Management cost expense ratio dropped
to 0.45%
Mortgage arrears were 2.24% (1.26% 2008)
Impairement losses for commercial and residential property £52.5
million (2008 £32.1 million)
General Insurance sales generated commissions of £5.6 million and house
insurance policy sales increased by 25%.
ISA Savings Accounts saw an increase in balances of 13%and during the
year the Leeds Building Society gained 52,000 new members.
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Leeds Building Society Financial Results year ended 31/12/2008. |
Annual Results for the Leeds Building Society 2008.
Profit after tax of £14.3
million (43.8 million 2007) 2008 figures are after 9.7 million paid to the FSCS levy. Average loan to value on 2008 advances was 52% accross all mortgages this figure is 49%. Savings balances grew by over £500 million to 6.6 billion and 44,000 new savings members were attracted during
the year. Leeds also retained 80% of their maturing savings balances. At the 31/12/2008 0.83% of Leeds Building Society mortgages were 3 months or more in arrears (0.28% 31/12/2007) In November 2008 Leeds Building Society were one of only two building societies
of a number that were assessed to not have their credit rating reduced by Fitch. In 2008 Buy to let loans accounted for 14% of completions and total balances and overseas lending another 4.5%.
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