Back to November 2014

Leeds Building Society hits Mortgage Finance Gazette Awards for four

Leeds Building Society is celebrating a haul of top honours at the Mortgage Finance Gazette (MFG) Awards.

The Society triumphed in four categories at last night's awards ceremony in London:

Best Intermediary Lender

The winner of this category is chosen using data compiled and analysed by independent research company Defaqto, looking at the range and types of mortgages generally available during the year through mortgage brokers.

Innovation Award (Lenders)

Awarded for progress the Society has made in developing new contractor mortgages, to bring more choice and flexibility to a growing but under-served market.

Best Use of Technology (Lenders)

Awarded in recognition of the comprehensive review of and improvements to the Society's IT systems to ensure they meet functionality demands now and in the future.

Leadership Award – Peter Hill

Awarded to acknowledge the Chief Executive’s work and profile as an ambassador and spokesman for the financial services and building society sector.

The latter three awards categories were voted for by a judging panel.

Leeds Building Society was also Highly Commended in a further two categories - Best National Building Society and Customer Service/Treating Customers Fairly (Lenders).

Joanne Atkin, Group Editor at Mortgage Finance Gazette, said: “Leeds Building Society swept the board at this year’s Mortgage Finance Gazette Awards.

“The Society is consistent in showing its aptitude for innovation by developing niche mortgage products that other lenders shy away from, such as its professional contractor and holiday let mortgages. It is forward-thinking in its use of technology and strives to improve its already excellent customer service.

“Leading this strong building society is Peter Hill, who is the undisputed winner of our Leadership Award. The judges described Peter as ‘outstanding, a great ambassador and a champion for the industry’. He takes time to spend with staff and members of the Society and is a competent spokesperson not just for Leeds Building Society but for the wider mutual and financial services sector.”

The MFG Awards round off a successful year for the Society, which won the title of Innovator of the Year at the Moneywise Magazine Mortgage Awards for its unique Welcome Mortgage.

The Welcome Mortgage was launched in 2013 and allows borrowers to pay 0% interest for the first three or six months of their mortgage. This frees up cash for them to rebuild their savings or settle into their new home but they will pay off capital each month so they are reducing their total loan from the outset.

In addition, the Welcome Mortgage won the Society the Mortgage Innovation Award at the Moneynet Personal Finance Awards 2014, when the Society was also named Most Innovative Personal Finance Provider.

“We’re proud of the awards we’ve won this year, particularly for our mortgage products and service,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“Mortgage lending is a core part of our business as a building society so recognition from our peers and industry colleagues is always very welcome.

“We are always seeking new and innovative ways to help even more members to realise their property-owning aspirations and we listen closely to feedback from customers and colleagues such as our intermediary partners about how we can continue to develop and improve what we offer.

“Peter Hill’s Leadership Award was a wonderful endorsement of all the work he does, besides his day job as our Chief Executive, as an advocate and champion for our sector and for our region’s business community, in the main UK centre for financial services outside London.

“This year our industry has seen the introduction of major changes following the Mortgage Market Review and Peter has been a high-profile spokesman across all media, clearly explaining the impact of these changes to consumers.”


Notes to Editors

For the Best Intermediary Lender category, independent financial researcher Defaqto looked at the range and competitiveness of products generally available in the intermediary market, including Buy to let mortgages, at five snapshot points in the previous year.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.