building society

noun

1. 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

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

Read more on BBC

Reeves has stepped back from immediately cutting the tax-free limit on cash Isas, following a backlash from banks and building societies.

Read more on BBC

But strong opposition from banks, building societies and consumer campaigners mean any such move has been put on hold.

Read more on BBC

Isas are offered by a host of banks, building societies, investment companies and other financial providers.

Read more on BBC

Meanwhile, first-time buyers are likely to get more access to mortgages as banks and building societies are allowed to loosen a cap on riskier lending.

Read more on BBC