building society

British  

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

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Example Sentences

See Examples For:

building society

"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

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

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

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

Some of her lectures were given with the express object of inducing the people to form a building society.

From Harriet Martineau by Florence Fenwick Miller

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