Nottingham Building Society risk score

Nottingham Building Society, established in 1849, is a distinguished mutual building society headquartered in the United Kingdom. Unlike traditional banks, it is owned by its members, ensuring that profits are reinvested into the society or distributed among members and local communities. This structure reflects the society's commitment to providing value and support to its stakeholders rather than to shareholders.

The society was founded on principles laid down by Samuel Fox, a philanthropist who emphasized community support. True to its roots, Nottingham Building Society launched its community projects in 2011, contributing over £1.5 million to charitable causes that focus on employability, financial education, literacy, and homelessness. Additionally, the society supports its employees in volunteering, offering two paid days annually for this purpose.

Nottingham Building Society is also a signatory to the Women in Finance Charter, reflecting its commitment to gender diversity in financial services, particularly in senior roles. This initiative underscores the society's dedication to fostering an inclusive and equitable workplace.

Operating through a network of more than 30 branches, Nottingham Building Society offers a comprehensive range of services. These include savings accounts, mortgage advice through expert partners, estate agency services, later life planning, and insurance options. For members inclined towards digital solutions, the society provides Beehive Money. This innovative app offers features like easy-access savings accounts, the Lifetime ISA for ethical saving, and a Marketplace for mortgages and financial tools.

Furthermore, The Nottingham for Intermediaries, a dedicated arm of the society, collaborates with a select group of brokers to support a wide range of mortgage needs for individuals and businesses across the country. This service ensures tailored financial solutions that cater to diverse client requirements, reinforcing Nottingham Building Society's role as a trusted financial partner in the community.