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Leeds Building Society


The society was founded as the Leeds and Holbeck (Permanent) Building Society in 1875, though the society originated from a group called the Leeds Union Operative Land and Building Society which formed in 1845.

The society was renamed to Leeds Building Society in September 2005. It has 65 branches across the UK, with 29 located in Yorkshire and is now the UKs 5th largest building society.

The Leeds offers a range of 2-year fixed rate RIO mortgages, with or without product fees and one offers a cashback of up to £500.

To be eligible you must be a homeowner aged 55+ and the maximum age you can borrow from is 80. The society will lend up to 55% of the value of the property (LTV) and you can use a RIO to buy a new home or remortgage.

Leeds will access both your income and expenditure when deciding on how much it will lend you.

Do the high street banks offer lifetime mortgages?

The ‘big 6’ high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander and Royal Bank of Scotland (RBS) don’t currently offer lifetime mortgages or other equity release plans themselves.

Recently, Nationwide entered the lifetime mortgage market but instead of offering its own range of plans, it refers its members to Pure Retirement

Call us anytime

We understand that with different options to choose from, it can be difficult to find the right home reversion plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer all your questions and find the right solution for you.

It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser. That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.