Back to June 2015

More space for Leeds Building Society as business continues to grow

Leeds Building Society has leased more office space in Leeds city centre as it continues to create new jobs to serve the growing business.

The Society has moved 250 colleagues from its head office on the corner of Albion Street and The Headrow, to new premises in City Exchange, a short walk down Albion Street.

This additional 17,000 sq ft increases the mutual’s total office space by almost 20% and frees up room in head office for new colleagues joining the business.

Leeds Building Society created more than 100 new jobs in 2013 and in 2014 and is aiming for a similar number during 2015, after continuing to build its membership, savings balances and mortgage lending to record levels.

The Society currently employs more than 1,100 people, with approximately half that number based in offices and branches in the Leeds area.

The move by five head office teams - Mortgage Lending, Mortgage Services, Investment Services, Business Support and Contact Centre - to City Exchange will enable refurbishment work to progress at head office.

“I’m pleased that colleagues have been settling in well to the bright, modern offices at City Exchange in the heart of Leeds city centre,” said Karen Wint, Leeds Building Society’s Operations Director.

“The move has eased pressure on our head office and the space we have in neighbouring Butts Court. In our 140th year, we continue to look ahead to the future of the business and are finalising our office accommodation strategy to keep pace with resourcing.

“We also are working on our programme of branch refurbishment, as branches remain a key part of the Society’s strategy to ensure our members can access our services how and when they want.”

Richard Bean, from property agents JLL, who advised on the deal, said: “City Exchange provides high quality, contemporary office space and makes the perfect new home for Leeds Building Society, just a stone’s throw away from their city centre HQ.”


Notes to Editors

Awards won by Leeds Building Society in the past 12 months include being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for our Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term to free up cash to help them settle into their new home.

The Society scooped the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and also received the award for ‘Best Use of Technology (Lenders)’.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 31 December 2014). The Society has operated from the centre of Leeds since 1886.