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

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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

Last year, a Nationwide advert featuring actor Dominic West that claimed the building society was not closing branches was banned.

From BBC ● Nov. 11, 2025

Veronica Lewis says that the banking hub is "brilliant", but that she can't come with her husband as he is with Nationwide, a building society which is not included in the hub model.

From BBC ● Oct. 23, 2025

Fraud teams at Nationwide, the UK's biggest building society, said trusted friends could help potential victims avoid sending private or intimate images during new online relationships.

From BBC ● Jun. 21, 2025

The savings and loans association, or the thrift, was a strange banking hybrid, very much akin to the building society in Britain.

From Crime and Corruption by Samuel Vaknin

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