In This Article
Who are Leeds Building Society?
Leeds Building Society has over 145 years of experience (founded in 1875) and is a significant building society in the UK based in Leeds.
Leeds Building Society started life in 1875 as the Leeds and Holbeck (Permanent) Building Society. It was renamed the Leeds Building Society in 2005.
The company is a mutual building society, which means it is owned by and runs for the benefit of its members. Leeds Building Society has an extensive range of products and services available online and over the phone.
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What does Leeds Building Society specialise in?
Leeds Building Society takes a unique approach in the market, focusing on niche lending areas.
Leeds Building Society residential mortgages
Leeds Building Society products are designed to suit many customers’ needs. They can assist with:
- Affordable housing
- Shared Ownership/Shared Equity
- Interest only
- Part and Part mortgages
- Retirement Interest Only
Leeds Building Society buy to let mortgages.
Leeds Building Society offers buy to let mortgages covering:
- Standard buy to let properties
- Holiday let mortgages, and
- Houses in Multiple Occupation (HMO) properties.
Are Leeds mortgage rates competitive?
Leeds aims for its mortgages to be competitive with a broad range of options. However, as with any mortgage, it is important to compare interest rates, fees, and the quality of the lender’s service before making a decision. Your credit score will also impact the interest rate you are offered. The lender charges some fees (e.g. application and origination fees). Be sure to review the loan’s terms and conditions carefully before deciding.
Can I have a product transfer loan with Leeds Building Society?
A product transfer is when a customer moves their mortgage from one lender to another. This can be beneficial as there may be no valuation or legal fees, and a new range of products is available. There also may be no requirement to complete an application form.
If you are a customer of Leeds Building Society, you can remortgage with them directly. However, they may not offer the most competitive rate for you.
An independent mortgage consultant can advise you on all products available in the market and find the best option for you, which may not be staying with your current lender.
How long will it take to get a mortgage offer?
Leeds Building Society’s average time from application to offer is around four weeks. However, this duration may be extended for more complicated deals.
Declined a Leeds Building Society mortgage?
If you’ve been declined a mortgage from Leeds Building Society, a mortgage advisor could help you find a lender willing to give you a mortgage. For more details about your credit history, you can go to Check My File to sign up for a free trial.
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Leeds Building Society has over 145 years of experience (founded in 1875), making it a significant building society in the UK. It is based in Leeds and focuses on niche lending areas, including buy to let, affordable housing and interest-only residential mortgages, alongside their more mainstream range.
Leeds aims for its mortgages to be competitive with a broad range of options. If you are a customer of Leeds Building Society, you can remortgage with them directly. However, they may not offer the most competitive rate for you.
On average, a new mortgage with Leeds Building Society takes four weeks.
If you have been declined a mortgage from Leeds Building Society, a mortgage advisor could help you find a lender willing to give you a mortgage.
If you want to speak to a mortgage advisor and get help finding the right mortgage for you, please complete the contact box below.