Historically the primary function of building societies has been to assist their members in buying a home, and to this day the primary business of building societies is to use the money deposited with the society to fund mortgages.
Since a building society is not a commercial business and the primary beneficiary of the society's business is the society's members, mortgages and loans from building societies are often cheaper than from banks and other lending organisations.
For more information about mortgages, please see our extensive mortgage resource centre.
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