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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

"Mortgage pricing is closely linked to swap rates, and as these have moved in recent days we've had to adjust some of our mortgage rates too," the building society said in a statement.

From BBC • Mar. 6, 2026

Bucking the trend of banks shutting stores, Nationwide, the UK's biggest building society, has pledged to keep all of its remaining 696 branches open until at least 2030.

From BBC • Jan. 29, 2026

Customers with bank accounts in the UK will see a significant increase in the amount of money that is protected if their bank or building society collapses.

From BBC • Nov. 17, 2025

And the building society said it wanted to protect vulnerable people and offer more support services.

From BBC • Nov. 11, 2025

They are virtually the same as the rules of an ordinary building society, and are certified by Mr. Tidd Pratt.

From Freehold Land Societies Their History, Present Position, and Claims by Ritchie, J. Ewing (James Ewing)

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