Dunfermline Building Society Mortgage

Established in 1869, Dunfermline Building Society is Scotland’s largest building society and plays an important part in the savings and mortgage market in Scotland.

In its early days Dunfermline Building Society met the aspirations of prospective homeowners in and around the town of Dunfermline like other societies of the day - by building houses. Many of these have escaped the developer's hammer and are still standing. The Dunfermline Building Society also acted as landlords, letting property and one of the duties of the General Manager at that time was to change the tap washers in these properties!

The growth of the building society movement generally is reflected in the growth of Dunfermline Building Society. Just before the start of World War 2, assets stood at £1.5m. By 1955, this figure had grown to £10.5m.

As business increased, the Dunfermline Building Society established branch and agency offices throughout the country to serve customers in their home areas. This growth inevitably led to the absorption of many smaller societies such as the Stenhousemuir, Peebles, Fourth Fifeshire Investment Co and the Stirlingshire. The largest of these mergers occurred in 1981 when the Edinburgh and Paisley Building Society became the 20th such organisation to join Dunfermline.

Dunfermline Building Society mortgages .....

With a branch network stretching across Scotland, the Society was firmly established as Scotland's Building Society.Continued growth in the early 1980s placed the Society in a strong position to meet the challenge of change and increased competition as a result of the passing in 1986, of the Building Societies Act and Financial Services Act, both of which gave greater power to societies, allowing them to expand the range of services offered to customers.

The Dunfermline Building Society is a mutual organisation and as such, exists to serve the needs of members without the necessity to satisfy shareholders. Profits made are sufficient only to provide for the costs of the business. This allows lending rates to be set at consistently lower levels than competitors and investment rates kept high enough not only to be competitive, but in many cases, also to qualify as market leading. Coupled with significant and continuous investment in communities across Scotland through sponsorship and support to various organisations, the Dunfermline Building Society has earned the title of Scotlands Building Society.

To find out more about the Dunfermline Building Society mortgages, simply complete the Dunfermline Building Society Mortgage Quote to receive details of the best mortgage to suit your individual circumstances. Alternatively call 0800 801079 to speak to a mortgage advisor.

 

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