Bingley Permanent Building Society
Encyclopedia
Bingley Permanent Building Society was a UK building society
, which merged with the Bradford Equitable Building Society
in 1964 to form the Bradford & Bingley Building Society. Bradford & Bingley fell victim to the financial crisis of 2007–2010 and is now part of Santander UK
, while its mortgage book is owned by UK Financial Investments Limited
.
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...
, which merged with the Bradford Equitable Building Society
Bradford Equitable Building Society
Bradford Equitable Building Society was an English building society, which merged with the Bingley Permanent Building Society in 1964 to form the Bradford & Bingley Building Society. Bradford & Bingley fell victim to the financial crisis of 2007–2010 and is now part of Santander UK, while its...
in 1964 to form the Bradford & Bingley Building Society. Bradford & Bingley fell victim to the financial crisis of 2007–2010 and is now part of Santander UK
Santander UK
Santander UK plc is a wholly owned subsidiary of the Spanish Santander Group. Based in the United Kingdom, it operates under the name of Santander. Santander is the third largest bank in the UK in terms of deposits, the second largest in terms of mortgages held, and the fourth largest in terms of...
, while its mortgage book is owned by UK Financial Investments Limited
UK Financial Investments Limited
UK Financial Investments Ltd is a company set up in November 2008 by the UK Government to manage its shareholding in banks subscribing to its recapitalisation fund. They include Lloyds Banking Group , Royal Bank of Scotland Group and Northern Rock...
.