Leeds Building Society makes

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Leeds Building Society signed up one million members in 2025, according to its 2025 annual report.

The lender reported a profit before tax of £198.6 million in the period, compared to £187.5 million in 2024.

New mortgage lending was £5 billion, down from £5.7 billion in 2024.

The lender said it had an arrears level of 0.57% in 2025, down from 0.61% in 2024.

Savings balances rose to £26.1 billion, up from £24.5 billion in 2024.

Leeds Building Society interim chief executive Annette Barnes said: “Our performance in 2025 shows our society is both financially strong and is moving confidently into the future.

“Over the past year we’ve made significant progress in upgrading our technology, including testing our first savings accounts and mortgage applications on our new system.

“We remain steadfast in delivering on our purpose of putting homeownership within reach of more people, generation after generation.”

Yesterday Together announced it had hired former Leeds chief executive Richard Fearon as its new non-executive director.