Leeds Building Society Equity Release Review
Before You Start Reading…
How Much Can You Release? 👇
Is Leeds Building Society equity release the best?
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
The companies we profile, are the best in the business to help you unlock the cash tied into your home.We’re here to help you:
- Understand the services that Leeds Building Society offers.
- Determine if they might be able to assist you and your family on your equity release journey.
Let’s find out NOW!
As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
Is Leeds Building Society the ideal equity release loan company to assist you and your family?
What’s Equity Release?
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.
Who Are Leeds Building Society?
Leeds Building Society is a building society based in Leeds, England.
It serves approximately 719,000 customers across the United Kingdom, who together hold £9.9 billion in savings balances and is the fifth largest building society in the UK.
What About the Leeds Building Society Equity Release Calculator?
Before you consider using the Leeds Building Society calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Leeds Building Society.
So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the Calculator Below 👇
Editor’s Rating: 4.82
Why Consider Leeds Building Society?
Leeds Building Society Reviews & Ratings
- Leeds Building Society Reviews on UK.TrustPilot.com
- Reviews of Leeds Building Society on ReviewCentre.com
- Leeds Building Society Reviewed on SmartMoneyPeople.com
Leeds Building Society’s Equity Release Scheme Reviews
Leeds Building Society, the UK’s 5th largest building society, offers a range of mortgage products to cater for individual retirement or saving needs.
Originally formed as a mutual, Leeds Building Society has helped UK communities save & borrow since 1845.
In 1875 it formally established as the Leeds and Holbeck (Permanent) Building Society, offering both deposit accounts and mortgages, and in 2005 changed its name to Leeds Building Society.
In 2018 Leeds Building Society was the 1st national high street lender to launch a range of Retirement Interest Only (RIO) mortgages.
Aimed at older homeowners, RIO mortgages are interest only mortgages with no set end date.
Specifically designed to allow homeowners to use the sale of their home to repay their mortgage balance.
This can either be upon death, or when the last surviving partner moves into care.
Unlike an equity release lifetime mortgage, interest roll-up is not permitted on the Leeds RIO mortgage.
The Homeowner will be required to make monthly mortgage payments for the life of the mortgage, which will consist only of interest on the amount borrowed.
How Did We Review Leeds Building Society?
We reviewed Leeds Building Society by gathering all the latest information available about it.
This information was then thoroughly researched, vetted and then added to this review for your ease of reference.
Our review of Leeds Building Society is independent, and we are not affiliated with it.
Leeds Building Society Complaints
If you’re dissatisfied with Leeds Building Society and wish to make a complaint, the best option is to go on their website directly.
They care about their clients and will direct you to the appropriate department if possible.
Alternatively, use a review site like Trustpilot or Feefo to leave a review and they’ll respond quickly.
Leeds Building Society’s Equity Release Interest Rates & Schemes Compared
Are you looking for a specific equity release scheme?
These are some of the schemes offered or covered by Leeds Building Society.
Not what you’re looking for?
Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!
What Are Leeds Building Society’s Fees?
Leeds Building Society fees may include an application fee.
It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.
Learn More About Leeds Building Society
Since the beginning, Leeds Building Society has been a mutual right. Their roots may be traced back to 1845 when the Leeds Union Operative Land and Building Society was founded by a group of persons.
Ordinary individuals struggled to find long-term loans and a place to call home back then.
Mutuals responded by allowing people in working areas to save and borrow, allowing them to purchase the home of their dreams while also supporting their families.
The Leeds and Holbeck (Permanent) Building Society was formally constituted. 450 accounts had been opened by the end of their first year, and they had lent a total of £16,000 in mortgages.
26 Sovereign Street
LS1 4BJL S 1 4 B J
- Leeds Building Society
- Leeds and Holbeck Building Society
FCA Permitted Services
- Mortgages & Home Finance
- Consumer Credit
- Other Services
- Financial Conduct Authority (FAC) ¹
- Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹
- FCA Ref Number: 164992
- FCA Reg Number: 0000320B
FCA & Companies House Link
Leeds Building Society Contact Number
- 75 High Holborn, London WC1V 6LS, United Kingdom
Is Leeds a Member of the Equity Release Council?
No, Leeds Moneycare – a free service from Leeds City Council providing a dedicated helpline and website for those looking to take out equity release schemes, has admitted it is not a member of the Equity Release Council (ERC).
What Are Leeds Interest Rates?
The latest rates from Leeds show that it is charging a whopping 4.5 percent to transfer a home into an equity release plan, which includes the arrangement fee and the product fee, plus one percent interest charged at monthly intervals for life on any loan not repaid in full by the end of term.
Who Owns Leeds?
Leeds is an arm of Leeds City Council – which itself is owned by the local taxpayer, who has no independent board of directors to report to.
Leeds advertise its available jobs on its website, which you can find in its dedicated careers area.
Where is Leeds Located?
The Leeds website is registered to City Walk Shopping Centre, Leeds.
Does Leeds Do Equity Release?
Yes, Leeds does equity release.
Is Leeds Equity Release Safe?
Yes, they’re FCA regulated and they’re a member of the equity release council and follow their guidelines.
So here’s the scoop – our intention is to help you by finding the best Leeds Building Society equity release lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.
Before You Go…
Use the FREE Calculator Below 👇
Editorial Note: This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. SovereignBoss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.