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A financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses.
financial institutionView synonyms
- ‘Child Trust Fund accounts are available from banks, building societies and other financial organisations.’
- ‘It has more than 30 clients, ranging from banks and building societies to insurance companies and finance houses.’
- ‘As ever, we have selected a few types of deposit account and ranked the banks / building societies accordingly.’
- ‘Generations grew up saving with their local building societies, which they later approached for home loans.’
- ‘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.’
- ‘Millions of people buy life insurance from the most expensive source: high-street banks and building societies.’
- ‘In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages.’
- ‘In other words, banks and building societies have been using base-rate changes to widen their margins and boost their profits.’
- ‘High-rise flats or tower blocks are considered by many banks and building societies unsuitable for mortgage lending.’
- ‘It may deter housebuilders from providing homes for which there is a local demand and building societies from providing mortgage finance.’
- ‘Most banks and building societies will lend to customers who do not have a deposit, usually first-time buyers.’
- ‘Of course, there is also the additional risk that the building society or bank could run into financial trouble.’
- ‘As the accompanying table shows, a number of banks and building societies are now offering special rates for investors.’
- ‘Surely the interest paid over the life of the mortgage is enough for banks and building societies to absorb the costs themselves’
- ‘As a result, banks and building societies have been chopping their savings rates although you may not necessarily know it.’
- ‘Later, other lenders jumped on board the lucrative credit bandwagon, including building societies and smaller banks.’
- ‘None of the banks or building societies would lend them any money.’
- ‘Investment International asked offshore banks and building societies for their tips on getting the best value from your deposits.’
- ‘Most banks and building societies typically respond to a base rate cut with the announcement that they will cut savings rates.’
- ‘On the other hand, my sister saved hard for years and was rewarded with windfall shares when her building society became a bank.’
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