Definition of building society in English:

building society

noun

British

A financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses.
Example sentencesExamples
- As ever, we have selected a few types of deposit account and ranked the banks / building societies accordingly.
- In other words, banks and building societies have been using base-rate changes to widen their margins and boost their profits.
- We will use the unclaimed assets of banks and building societies to rebuild the pension funds of people who have lost out through no fault of their own.
- It has more than 30 clients, ranging from banks and building societies to insurance companies and finance houses.
- It may deter housebuilders from providing homes for which there is a local demand and building societies from providing mortgage finance.
- Generations grew up saving with their local building societies, which they later approached for home loans.
- On the other hand, my sister saved hard for years and was rewarded with windfall shares when her building society became a bank.
- Child Trust Fund accounts are available from banks, building societies and other financial organisations.
- Of course, there is also the additional risk that the building society or bank could run into financial trouble.
- Most banks and building societies typically respond to a base rate cut with the announcement that they will cut savings rates.
- None of the banks or building societies would lend them any money.
- As a result, banks and building societies have been chopping their savings rates although you may not necessarily know it.
- As the accompanying table shows, a number of banks and building societies are now offering special rates for investors.
- Later, other lenders jumped on board the lucrative credit bandwagon, including building societies and smaller banks.
- Investment International asked offshore banks and building societies for their tips on getting the best value from your deposits.
- High-rise flats or tower blocks are considered by many banks and building societies unsuitable for mortgage lending.
- Surely the interest paid over the life of the mortgage is enough for banks and building societies to absorb the costs themselves
- Most banks and building societies will lend to customers who do not have a deposit, usually first-time buyers.
- In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages.
- Millions of people buy life insurance from the most expensive source: high-street banks and building societies.
Synonyms
financial institution

Building societies originally developed as non-profit-making cooperative societies from friendly societies. Since 1986 changes in legislation have allowed them to offer banking and other facilities, and some have become public limited companies

单词	building society
释义	Definition of building society in English: building society noun British A financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses. Example sentencesExamples As ever, we have selected a few types of deposit account and ranked the banks / building societies accordingly. In other words, banks and building societies have been using base-rate changes to widen their margins and boost their profits. We will use the unclaimed assets of banks and building societies to rebuild the pension funds of people who have lost out through no fault of their own. It has more than 30 clients, ranging from banks and building societies to insurance companies and finance houses. It may deter housebuilders from providing homes for which there is a local demand and building societies from providing mortgage finance. Generations grew up saving with their local building societies, which they later approached for home loans. On the other hand, my sister saved hard for years and was rewarded with windfall shares when her building society became a bank. Child Trust Fund accounts are available from banks, building societies and other financial organisations. Of course, there is also the additional risk that the building society or bank could run into financial trouble. Most banks and building societies typically respond to a base rate cut with the announcement that they will cut savings rates. None of the banks or building societies would lend them any money. As a result, banks and building societies have been chopping their savings rates although you may not necessarily know it. As the accompanying table shows, a number of banks and building societies are now offering special rates for investors. Later, other lenders jumped on board the lucrative credit bandwagon, including building societies and smaller banks. Investment International asked offshore banks and building societies for their tips on getting the best value from your deposits. High-rise flats or tower blocks are considered by many banks and building societies unsuitable for mortgage lending. Surely the interest paid over the life of the mortgage is enough for banks and building societies to absorb the costs themselves Most banks and building societies will lend to customers who do not have a deposit, usually first-time buyers. In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages. Millions of people buy life insurance from the most expensive source: high-street banks and building societies. Synonyms financial institution Building societies originally developed as non-profit-making cooperative societies from friendly societies. Since 1986 changes in legislation have allowed them to offer banking and other facilities, and some have become public limited companies
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