Mortgages  

Leeds achieves record results

Leeds achieves record results

Residential mortgage lending at Leeds Building Society increased by 15 per cent over 2015 to £3.1bn, against 2014’s figure of £2.7bn.

According to the building society this took gross lending over the last five years to almost £11bn.

The results showed net residential lending of £1.4bn, against 2014’s figure of £1.1bn, and according to Leeds Building Society bosses this was the lender’s best ever performance.

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Total assets increased by 11 per cent to £13.5bn against 2014’s figure of £12.1bn.

Operating profit rose by 34 per cent to a £105.8m against 2014’s figure of £80.9m.·

Leeds Building Society’s savings balances grew by £751m against 2014’s figure of £560m to £9.9bn.

Leeds Building Society chief executive Peter Hill said: “As we celebrated our 140th anniversary in 2015, we helped more people than ever before to save for the future and to have the homes they want.

“In addition to our strong offering of competitive mainstream products, we are active in markets including shared ownership and interest-only, where our product innovation has been recognised with industry awards.”

ruth.gillbe@ft.com