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building society
noun
- a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services
Example Sentences
The deal, which runs until the end of 2030 allows customers of 30 banks and building societies to use their local post office to withdraw and deposit cash, make balance queries and deposit cheques.
A proposed change to banking rules will increase significantly the amount of savers' money that is protected when a bank or building society goes under.
A home affordability index report published by Skipton Group building society found six out of the 10 least affordable areas of Britain were in Wales.
The Nationwide, the UK's largest building society, described the money as a "thank you" to its members, at a cost of £600m.
The majority of banks and building societies require EWS1 certificates when deciding whether to lend money on flats in apartment blocks.
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