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The Society'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.
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 1875 Leeds and Holbeck (Permanent) Building Society was founded by share holders of the original 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.
In March 2005, at the Society's Annual General Meeting, our members made the historic decision to change our name to Leeds Building Society and this became effective on 12 September 2005.
Products
The Society now offers an extensive range of mortgage and investment products. The Society is currently helping over 70,000 individuals, couples and families to buy a home, and is offering its savers greater value products and services.