Furness Building Society is a mutual financial institution dedicated to serving its members and the local community. This guide will explore the history, services, and benefits of choosing Furness Building Society for your financial needs. We’ll delve into what sets them apart, examining their commitment to ethical practices and community involvement.
What is Furness Building Society?
Furness Building Society is a UK-based building society founded in 1865. Unlike banks, building societies are owned by their members, not shareholders. This unique ownership structure means Furness prioritizes member benefits over profit maximization, resulting in a more personalized and community-focused approach to financial services. They offer a range of services, including savings accounts, mortgages, and financial advice, tailored to the needs of individuals and families.
Why Choose Furness Building Society?
Several key advantages set Furness Building Society apart from other financial institutions. Their commitment to their members is paramount. They offer competitive interest rates on savings accounts and mortgages, personalized financial advice to help members achieve their financial goals, and actively invest in the local community through various initiatives. Choosing Furness means supporting a local institution dedicated to ethical and sustainable financial practices.
Member-Focused Approach
As a member-owned institution, Furness Building Society prioritizes the needs of its members above all else. This member-centric approach translates to a more personal and responsive service experience. Members have a voice in the society’s direction and benefit directly from its success.
Community Involvement
Furness Building Society is deeply committed to supporting the local community. They actively participate in local initiatives and sponsor various community projects. This dedication to community development underscores their commitment to local prosperity.
Services Offered by Furness Building Society
Furness Building Society offers a comprehensive range of financial services to cater to diverse needs.
- Savings Accounts: Various savings options, from regular savers to ISAs, designed to help members grow their wealth.
- Mortgages: Competitive mortgage rates and flexible repayment options for first-time buyers, home movers, and remortgagers.
- Financial Advice: Personalized financial planning and investment advice to help members achieve their long-term financial objectives.
Mortgages with Furness Building Society
Finding the right mortgage can be daunting. Furness Building Society understands this and offers a variety of mortgage options tailored to individual circumstances. Whether you are a first-time buyer or looking to remortgage, their experienced advisors can guide you through the process.
Conclusion
Furness Building Society offers a unique blend of traditional values and modern financial services. Their member-focused approach, commitment to community involvement, and comprehensive range of services make them a compelling choice for individuals seeking a trustworthy and ethical financial partner. By choosing Furness, you are not just choosing a financial institution, you are choosing to invest in a stronger local community.
FAQ
- What is the difference between a building society and a bank? Building societies are owned by their members, while banks are owned by shareholders.
- How do I become a member of Furness Building Society? You can become a member by opening a savings account or applying for a mortgage.
- Does Furness Building Society offer online banking? Yes, they provide online banking services for convenient account management.
- What are the current interest rates offered by Furness Building Society? Please visit their website or contact a branch for the latest information.
- Does Furness Building Society offer financial advice? Yes, they have qualified financial advisors available to provide personalized advice.
- How can I contact Furness Building Society? You can find contact details on their website, including branch locations and phone numbers.
- Is Furness Building Society authorized and regulated? Yes, they are authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Common Scenarios and Questions
- First-Time Buyer: “How much can I borrow for a mortgage?”
- Existing Homeowner: “What are my remortgage options?”
- Saver: “What type of savings account is best for me?”
Further Resources
For more information, you can explore other articles on our website related to personal finance, mortgages, and savings.
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