BUILDING BETTER QUALITY HOMES
From Modern Methods of Construction to shared ownership, where can we look for answers?
Building societies for people
Building societies have a long and proud tradition of helping people to save and buy a home. The UK’s 43 building societies have over 25 million members between them and the sector is continuing to grow year on year. As customer owned financial institutions building societies, alongside other financial mutuals, like credit unions, contribute to a diversity of ownership in financial services. This is important because it increases financial resiliency within the system and increases consumer choice.
The sector continues to innovate, combining the human touch and the digital in mortgage lending, with video interviews and paperless applications. In addition to its culture of putting members first, the sector offers flexibility in its product offering; mortgages for older borrowers, those in the gig economy and helping families to support younger generations, as well as for shared ownership and self and custom build properties.