building society

British

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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However, late last year, the UK's biggest building society, the Nationwide, pledged to keep all of its 696 branches open until at least 2030, although it too has closed branches in the past.

From BBC • Feb. 11, 2026

The UK's biggest building society, the Nationwide, has pledged to keep all of its 696 branches open until at least 2030.

From BBC • Nov. 11, 2025

Prices fell by 0.8% last month, the biggest monthly decline since February 2023, which the building society said may reflect weaker demand following the changes to stamp duty in April.

From BBC • Jul. 1, 2025

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

From BBC • Jun. 2, 2025

Moreover, he bought mortgaged houses through a building society, and let them.

From The Darling and Other Stories by Garnett, Constance

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023