How mutuality works
We were founded in 1853 to help bring together people saving for the future and those buying their own homes. The way we work is known as mutuality and it underpins everything we do.
We work hard to help our savers put money away for their future and we use the money they save with us towards helping other members own their own homes.
Our mortgage members then pay back what they've borrowed with interest. The interest they pay goes towards helping savers grow their money through giving them interest.
Because we don't have shareholders to pay, we invest our extra profits back in to the Society for the benefit of our members.