Leeds BS sees annual rise in Christmas Day mortgage applications

Michael Lloyd

December 20, 2019

Since 25 December 2016 Leeds Building Society has seen an annual increase in the number of people submitting mortgage applications on Christmas Day.

The first mortgage applications on 25 December 2018 were logged shortly after 3pm, before pausing later that afternoon and picking up again from 9pm onwards until the very end of the day.

Matt Bartle, director of products at Leeds Building Society, said: “We were a little surprised that more and more applicants now log in on Christmas Day to start their mortgage process.

“Maybe after all the build-up to the big day this is the first free time they have to themselves, or perhaps they’re wanting to try out some new tech they received as a gift.

“But being mindful of today’s 24-hour society, we’re continuing to invest in and improve our online functionality to ensure we keep responding to the changing lifestyles of our customers to help more people have the home they want.”

In the run-up to Christmas Leeds Building Society has launched cashback mortgages with no product fee for purchases and remortgages.

Alongside the original 2-year deals, the society has now added a 2.59% 5-year fixed rate mortgage available up to 90% LTV with £1,000 on completion and no product fee.

The 2-year fixed rate deals, at 2.04% up to 75% LTV and 2.27% up to 85% LTV, each come with £500 cashback.

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