Leeds Building Society reached a number of new records for mortgages, savings and assets during a strong first six months of 2024, according to its latest interim financial results.
The building society also revealed that it would open a new high street site and continue investment into its existing national branch network.
Leeds achieved its busiest single day of mortgage completions, contributing to a 37% increase in total lending to a record £2.6bn.
The society helped more than 7,800 first-time buyers onto the housing ladder, and added almost 17,500 new borrowers overall.
It also generated the equivalent of £135m in benefit for members as a result of paying 0.66% above the market average on savings rates.
Leeds Building Society achieved an underlying profit of £86.4m, a significant increase compared to the second half of last year, which recorded £65.3m.
Richard Fearon, chief executive officer at Leeds Building Society, said: “I’m delighted with our record-breaking start to 2024 and our ability to support borrowers and savers so effectively over the past six months.
“We have continued to put homeownership within reach of more people, generation after generation, by helping 7,800 new first-time buyers take their first steps onto the property ladder whilst also supporting existing members and investing in the future of our Society.
“As a mutual we are only ever as strong as the relationship we hold with our members, and we have achieved some significant milestones that reflect their enduring loyalty.”
He added: “I’m confident we’re in a great position to invest in the future given our record growth in lending, savings balances and overall membership.
“I am delighted that we’ll be opening a new high street branch in Solihull in the coming months to expand our national branch network and allow us to reach more people.
“This complements the great strides we have made in improving our digital offering over recent years.
“We are on the verge of entering our 150th year as a building society. We are well placed over the rest of 2024 and into our next 150 years and beyond to continue making homeownership a reality for more people and rewarding savers for the trust they put in us.”
