The UK-based Leeds Building Society had a presence in Ireland from 2006 until 2018. It offered mortgages up to 14 September 2009, with savings accounts available throughout the period. In 2017, it closed its savings operation to new customers. In July 2018, it gave notice to all savings customers that their accounts were to close in September.[1] In October 2018, it sold its Irish mortgage book to Dilosk[2] and these are now managed by Pepper Finance Corporation.[3]

It is regulated by the UK Financial Conduct Authority and the Prudential Regulation Authority. It is also a member of the UK Financial Services Compensation Scheme.[4]

In its last full year of operations, 2017, the society lost £1.2m on its Irish operations.[1]

References

  1. ^ a b "UK building society latest to exit Irish savings market". Irish Times. Retrieved 7 July 2023.
  2. ^ "Dilosk to buy Leeds Building Society's €182m Irish mortgages". Irish Times. Retrieved 7 July 2023.
  3. ^ "Dilosk acquires Leeds Building Society mortgage portfolio". Credit Connect. 2 October 2018. Retrieved 7 July 2023.
  4. ^ Leeds Building Society Ireland website (Retrieved 4 November 2016)

External links


Independent building societies in the United Kingdom
Building Societies in the Republic of Ireland
Banks of the Republic of Ireland
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