-
9:30 AM - 16:30 PMSkipton Building Society - Aylesbury+44 1296 338191Skipton Building Society in Aylesbury is a trusted provider of financial services, specializing in building societies. With a location in the heart of Aylesbury, this company is dedicated to helping individuals and families achieve their financial goals. Their commitment to exceptional customer service and personalized solutions has made them a go-to choice for those seeking reliable financial advice and support.See more
-
Building Societies
in Aylesbury with savings account
(1)
-
Building Societies
in Aylesbury with atm
(1)
-
Building Societies
in Aylesbury with insurance
(1)
-
Building Societies
in Aylesbury with loan
(1)
-
Building Societies
in Aylesbury with investment
(1)
-
Building Societies
in Aylesbury with advice
(1)
-
Building Societies
in Aylesbury with wealth management
(1)
-
Building Societies
in Aylesbury with mortgage
(1)
-
Building Societies
in Aylesbury with debit card
(1)
-
Building Societies
in Aylesbury with financial planning
(1)
-
Building Societies
in Aylesbury with online banking
(1)
Definition of Building Societies
Building Societies are financial institutions that are owned by their members and offer savings and mortgage products. They are also known as mutual organisations, as they are not listed on the stock market and are not owned by shareholders. The primary aim of Building Societies is to provide affordable mortgages to their members, along with other savings and investment products.
History of Building Societies in the UK
Building Societies have a long history in the UK, dating back to the late 18th century. The first Building Society was established in Birmingham in 1775. In the 19th century, Building Societies grew rapidly and became an important source of funding for the construction of houses. Today, there are over 40 Building Societies in the UK, with assets worth over £400 billion.
How Building Societies differ from Banks
Building Societies differ from banks in several ways. Firstly, they are owned by their members, whereas banks are owned by shareholders. This means that Building Societies are not part of the stock market and are not focused on generating profits for shareholders. Secondly, Building Societies have a narrower range of products, focusing primarily on mortgage and savings products. Finally, Building Societies often have better rates on savings accounts and mortgages than banks, as they are not focused on generating profits for shareholders.
Products and Services offered by Building Societies
Building Societies offer a range of products and services, including mortgages, savings accounts, current accounts, and insurance products. They also offer financial planning services, including retirement planning and investment advice. Building Societies are particularly known for their mortgage products, which are often designed to be more affordable and flexible than those offered by banks.
Benefits of banking with Building Societies
Banking with Building Societies has several benefits. Firstly, as they are owned by their members, there is a focus on customer service and meeting the needs of members. Secondly, Building Societies often offer better rates on savings accounts and mortgages than banks, which can result in significant savings. Finally, Building Societies are often more flexible in their approach, which can be particularly beneficial for those with complex financial needs.
Risks associated with Building Societies
Like all financial institutions, there are risks associated with banking with Building Societies. One risk is the potential for the Building Society to go out of business or be merged with another institution, which could affect the terms of any savings or mortgage products. Another risk is the potential for interest rates to change, which could affect the value of savings or mortgage payments.
Regulations governing Building Societies
Building Societies are regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). These organisations ensure that Building Societies are operating in a safe and fair manner, and protect customers in the event of the Building Society encountering financial difficulties.
Comparison of Building Societies with other Financial Services providers
Compared to banks, Building Societies often offer better rates on savings accounts and mortgages, and have a greater focus on customer service. However, they have a narrower range of products and may not offer some of the more specialist financial services that banks do. Compared to other mutuals, Building Societies may offer more competitive rates, but may not have the same level of history and reputation.
How to choose the right Building Society for your needs
When choosing a Building Society, it is important to consider factors such as interest rates, fees, and customer service. It is also important to consider the range of products and services on offer, and whether they meet your financial needs. Finally, it is important to consider the reputation and history of the Building Society, and whether it is likely to be a safe and stable place to save or borrow from.
Future outlook for Building Societies in the UK market
The future outlook for Building Societies in the UK market is positive, as customers are increasingly looking for more ethical and customer-focused alternatives to traditional banks. Building Societies are well-positioned to take advantage of this trend, and are likely to continue to grow and innovate in the coming years.
Pick a keyword
Select location
Select category
View results!!!
-
Building Societies
in Bedfordshire
(9)
-
Building Societies
in Aylesbury Vale
(6)
-
Building Societies
in West London
(4)
-
Building Societies
in South Northamptonshire District
(3)
-
Building Societies
in Welwyn Hatfield
(3)
-
Building Societies
in Dacorum District
(2)
-
Building Societies
in Chiltern District
(2)
-
Building Societies
in St. Michael
(2)
-
Building Societies
in City and District of St. Albans
(2)
-
Building Societies
in Bernards Heath
(2)
-
Building Societies
in St Albans
(2)
-
Building Societies
in Fleetville
(2)
-
Building Societies
in The Camp
(2)
-
Building Societies
in North Hertfordshire District
(2)
-
Building Societies
in Berkshire
(17)
-
Building Societies
in Bierton
(1)
-
Building Societies
in Lower Hartwell
(1)
-
Building Societies
in Stone with Bishopstone and Hartwell
(1)
-
Building Societies
in Drayton Beauchamp
(1)
-
Building Societies
in Dancers End
(1)
-
Building Societies
in Tring
(1)
-
Building Societies
in Chartridge
(1)
-
Building Societies
in Chesham
(1)
-
Building Societies
in Lye Green
(1)
-
Building Societies
in Loughton
(1)
-
Building Societies
in Walton
(1)
-
Building Societies
in South Oxfordshire District
(1)
-
Building Societies
in Woolstone
(1)
-
Building Societies
in Central Milton Keynes
(1)
-
Building Societies
in Calverton
(1)
-
Building Societies
in Kents Hill, Monkston and Brinklow
(1)
-
Building Societies
in Campbell Park
(1)
-
Building Societies
in Chalfont St. Giles
(1)
-
Building Societies
in Chalfont St Giles
(1)
-
Building Societies
in Jordans
(1)
-
Building Societies
in Great Linford
(1)
-
Building Societies
in Chalfont St. Peter
(1)
-
Building Societies
in Chalfont Saint Peter
(1)
-
Building Societies
in South Bucks District
(1)
-
Building Societies
in Lemsford
(1)
-
Building Societies
in Ayot Saint Peter
(1)
-
Building Societies
in Welwyn Garden City
(1)
-
Building Societies
in High Welwyn
(1)
-
Building Societies
in Digswell
(1)
-
Building Societies
in Hatfield Hyde
(1)
-
Building Societies
in Wootton
(1)
-
Building Societies
in Panshanger
(1)
-
Building Societies
in Vale of White Horse District
(1)
-
Building Societies
in Great Houghton
(1)
-
Building Societies
in Dallington
(1)
-
Bookkeeping Services
in Aylesbury
(2)
-
Appraisers
in Aylesbury
(1)
-
Diamond Dealers
in Aylesbury
(1)
-
Federal Credit Unions
in Aylesbury
(1)
-
Gold Dealers
in Aylesbury
(1)
-
Investment Companies
in Aylesbury
(1)
-
Pension Offices
in Aylesbury
(1)
-
Property Investments
in Aylesbury
(1)
-
Superannuation Consultants
in Aylesbury
(1)