Building the future
Our north star (or our purpose)
We’ve been helping people save and get on the housing ladder for a long time (since 1875 to be exact). But in all those years, home ownership was never as unaffordable, inaccessible, and unavailable as it is now. It’s no surprise that home ownership has fallen by a third among 25 to 35 year olds1.
We’re on a mission to change this.
1Source: English Housing Survey, ‘2021-2022: headline report’, December 2022.
Rating for Leeds Building Society
We have your back
We’re putting home ownership within reach of more people, because every generation deserves to own a home. To give first time buyers a leg up onto the housing ladder, we’ve created mortgages and savings accounts with you in mind.
Our Home Deposit Saver could reward you with a £500 bonus (terms and conditions apply*) if you save towards a mortgage with us. Plus, we have 95% LTV mortgages for those struggling to pull a larger deposit together. Also make sure to check out our Shared Ownership range – they’re award winning for a reason.
Maybe you’ve been told you can’t afford a mortgage, but you’re already keeping up with regular payments for council tax and streaming services. We’re also working with Experian to use those payments to potentially boost your credit score and help you meet affordability criteria.
*To get the £500 bonus you'll need to get an offer from us for a residential mortgage, have a minimum of £2,500 in your account and have had the account open for over six months but less than five years.
Already own a home?
We know how hard you worked to own your home. Staying on the housing ladder can be tricky right now, but we’re here to help. And that’s not just something we say. Our mortgages are designed to support your next steps, so make sure to explore our range and find the right product for you.
If you’re ever worried about making your next payment, we already have ideas that could make your mortgage more affordable. All you need to do is reach out.
Savings that make a difference
We understand your savings need to work hard for you. That's why we've consistently paid above market average*, so you can earn more interest. Whether you're saving towards home ownership, your family's future or something else, we could help you reach your goals. But we're also a mutual, meaning your savings can open more doors and help others get on the housing ladder too.
*Source: CACI’s CSDB, Stock, January to December 2022, latest data available. CACI is an independent company that provides financial benchmarking data for the retail cash savings market.
Improving the housing market
Homes must become more affordable, accessible and available. We’re doing all we can to make this happen, but we can’t fix the housing crisis alone. We need real change in the housing market to improve supply long term. That’s why we’re working closely with the housing industry and the government, so we can continue to put home ownership within reach of more people for generations to come.
Everyone deserves a home
Buying a home has never been easy, but it's also never been as hard as it is right now. In fact, it now takes renters about ten years to save for a deposit*. The research we’ve commissioned shows that the challenge facing first time buyers has become much steeper in the past 40 years. A long-term plan is needed.
How we're doing our bit
Every 16 minutes we help someone buy a home**. And 1 in 3 of our mortgages goes to a first time buyer. But it’s not just down to us. This year, our savings members have helped over 9,000 first time buyers onto the ladder**. Because we’re a mutual, our savings customers help support our mortgage customers. So you know your savings are working harder too.
We're building a society to believe in. Join us.
Read our home ownership research
*Source: Generation Rent: ‘Saving for a mortgage deposit now takes a decade’, July 2023.
**Based on Leeds Building Society figures for new mortgage members between 1 Jan 2023 to 31 July 2023.
We have your back
We’re putting home ownership within reach of more people, because every generation deserves to own a home. To give first time buyers a leg up onto the housing ladder, we’ve created mortgages and savings accounts with you in mind.
Our Home Deposit Saver could reward you with a £500 bonus (terms and conditions apply*) if you save towards a mortgage with us. Plus, we have 95% LTV mortgages for those struggling to pull a larger deposit together. Also make sure to check out our Shared Ownership range – they’re award winning for a reason.
Maybe you’ve been told you can’t afford a mortgage, but you’re already keeping up with regular payments for council tax and streaming services. We’re also working with Experian to use those payments to potentially boost your credit score and help you meet affordability criteria.
*To get the £500 bonus you'll need to get an offer from us for a residential mortgage, have a minimum of £2,500 in your account and have had the account open for over six months but less than five years.
Already own a home?
We know how hard you worked to own your home. Staying on the housing ladder can be tricky right now, but we’re here to help. And that’s not just something we say. Our mortgages are designed to support your next steps, so make sure to explore our range and find the right product for you.
If you’re ever worried about making your next payment, we already have ideas that could make your mortgage more affordable. All you need to do is reach out.
Savings that make a difference
We understand your savings need to work hard for you. That's why we've consistently paid above market average*, so you can earn more interest. Whether you're saving towards home ownership, your family's future or something else, we could help you reach your goals. But we're also a mutual, meaning your savings can open more doors and help others get on the housing ladder too.
*Source: CACI’s CSDB, Stock, January to December 2022, latest data available. CACI is an independent company that provides financial benchmarking data for the retail cash savings market.
Improving the housing market
Homes must become more affordable, accessible and available. We’re doing all we can to make this happen, but we can’t fix the housing crisis alone. We need real change in the housing market to improve supply long term. That’s why we’re working closely with the housing industry and the government, so we can continue to put home ownership within reach of more people for generations to come.
Everyone deserves a home
Buying a home has never been easy, but it's also never been as hard as it is right now. In fact, it now takes renters about ten years to save for a deposit*. The research we’ve commissioned shows that the challenge facing first time buyers has become much steeper in the past 40 years. A long-term plan is needed.
How we're doing our bit
Every 16 minutes we help someone buy a home**. And 1 in 3 of our mortgages goes to a first time buyer. But it’s not just down to us. This year, our savings members have helped over 9,000 first time buyers onto the ladder**. Because we’re a mutual, our savings customers help support our mortgage customers. So you know your savings are working harder too.
We're building a society to believe in. Join us.
Read our home ownership research
*Source: Generation Rent: ‘Saving for a mortgage deposit now takes a decade’, July 2023.
**Based on Leeds Building Society figures for new mortgage members between 1 Jan 2023 to 31 July 2023.
