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.

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

From BBC • Nov. 11, 2025

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

The UK bank and building society sector has seen widespread branch closures in recent years, as many customers have switched to online and mobile banking.

From BBC • Nov. 11, 2025

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.

From BBC • Mar. 31, 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