Leeds Building Society Mortgage Lending up

Leeds BS – Hiring and Mortgage lending on the up – 2016  posts record numbers

Leeds Building Society has reported its fifth successive year of growth after high levels of mortgage lending saw profits rise by 5 per cent to £58m. The Leeds based motgage lender helped just shy of 4,000 first time buyers onto the property ladder in the period to the end of June this year and also rolled out an extensive recruitment programme which saw 140 people enter the business to bring its headcount to the highest level in the company’s history.

Its great to hear that a local mortgage lender that started in Leeds, is thriving once again, despite that harsh ending conditions out there.  Its a great boost both for people searching for mortgages in Leeds and also to leeds residents who might be one of those lucky ones snatching up a new job with the mortgage lender.

The Leeds building society’s mortgage balances stand at £12.2bn, with savings balances of £10.6bn and 738,000 members, all record numbers. New residential mortgage lending increased by 33 per cent to £1.93bn as compared with £1.45bn in the corresponding period in 2015, a figure well above its market share. Leeds Building Society’s chief executive Peter Hill hailed the results and also provided further details to The Yorkshire Post of an inward investment programme, one of the reasons behind the recent increase in hiring which now sees 1,360 people working for the company. “We have a good number of specific programmes underway currently which are specifically geared towards the customer experience. “In 2017 you will see a up in terms of the digitalization proposition alone. What we have now is more than fit for purpose but there will be a big step up in capacity for 2017.


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Full story and details can be found at that great Leeds based news paper   the Yorkshire Post  Link below

Read more at: http://www.yorkshirepost.co.uk/