Leeds
& Holbeck Building Society Company Information
About
The Leeds & Holbeck Building Society Company
Leeds
& Holbeck's commitment to the principle of mutuality can be
traced back to the first half of the nineteenth century. The Society
was formally established in 1875 but its origins began 30 years
earlier.
In
January 1845 a group of people formed the Leeds Union Operative
Land and Building Society in Holbeck. Members regularly contributed
towards shares. When there were sufficient funds, a ballot was held
and a beneficiary was granted the necessary advance to buy a property.
This procedure was repeated until all members were satisfied. In
total, four Holbeck Societies were established and terminated.
In
1874 the Societies Act was passed and in 1875 Leeds and Holbeck
(Permanent) Building Society was founded by share holders of the
original Holbeck Societies.
By the end of the first year, 450 accounts had been opened and the
Society had distributed a grand total of £16,000 in mortgage
funds.
Products
Leeds
and Holbeck now offers an extensive range of mortgage and investment
products. The Society is currently helping approximately 70,000
individuals, couples and families to buy a home, and has over 622,000
members.
Continued
growth
The
Society's currently has assets of over £5.3 billion, making
it the UK's 8th largest Building Society.
Leeds
& Holbeck is owned by it's members - and intends to remain so.
They continue to demonstrate the benefits of independent mutuality
by offering high savings rates, low mortgage rates, and by putting
members' interests first.
They are committed to bringing their members an expanding range
of Internet services, including the convenience of sending secure
mortgage applications direct to their website. In addition to this
they now offer both Mortgage Life Insurance and Life Insurance online
application systems, an online funds supermarket - Fundstore and
over the last year they have added Equity Release and Health Insurance
services to the site.
The
Society will always embrace technological developments to further
improve and expand their services - they recently launched an Intermediary
website to support their introduced business and have taken their
first foray into email marketing which is an ideal way of communicate
with their members.
The Society continually looks at ways in which it can increase the
benefits to members. While 2002 saw the launch of the Leeds &
Holbeck Credit Card, 2003 heralded the launch of a new personal
loan facility offering extremely competitive rates.
105
Albion Street
Leeds
LS1 5AS
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