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Scarborough Building Society

The Scarborough Building Society is based in the United Kingdom and is a mutual society. The company has its head quarters in Scarborough, North Yorkshire, England. Scarborough is the oldest building society in Yorkshire and the second oldest in the United Kingdom. It was established in the year 1846. The present name came into being in the year 1903. Scarborough Building Society was established with the aim of providing cheap mortgages so that people could buy or build their own homes. This aim has been held steady today with the company adopting the role of mutuality. The first office of the society was in York house in York Place. The society today has nine branches in different parts of England.

Scarborough Building Society has an asset base of 2.9 billion pounds and belongs to the financial services industry. The Scarborough investment brand has gained immense popularity off late thanks to the internet boom. With the internet sales team performing immensely well, the society has been able to reach a larger number of customers countrywide. This has in turn further improved their returns as well as assets. It is the seventeenth largest building society in the United Kingdom and one of the many regional building societies who have also begun to provide services through telephonic and postal services. Despite adding more branches to the existing network, the original nine branches continue to remain a crucial part of the expanding business.

Insurance covers, Mortgages, loans, savings accounts, will writing; financial planning and planning of investments are some of the services which the Scarborough Building Society has been providing. Savings accounts are available in different options based on the client requirements. ChildrenÂ’s savings account helps in imparting basic money saving to children. Online application to any of the above services is possible.