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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

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Example Sentences

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According to a report in March, nine major banks and building societies have had around 803 hours - the equivalent of 33 days - of tech outages since 2023.

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The building society said house prices rose by 0.5% in May, following a slight drop in April.

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In March, it emerged nine major banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of 33 days - of tech outages in the past two years.

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In March, it emerged that nine major banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of 33 days - of tech outages in the past two years.

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A falling base rate is likely to mean a reduction in the returns offered to savers by banks and building societies.

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building permit building trades

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