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

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

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

From BBC • Nov. 11, 2025

A home affordability index report published by Skipton Group building society found six out of the 10 least affordable areas of Britain were in Wales.

From BBC • Mar. 23, 2025

It was only when the agent of the building society and a representative of the Hosanna Pipe and Steam Organ Co.

From Sunshine Sketches of a Little Town by Leacock, Stephen

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