One of the reasons generations have trusted us with their savings and mortgages since 1853, is because we don’t have shareholders to answer to. It means we can focus our attention on the million customers who trust us to help them today.
The first building society was formed in 1775 when a group of people pooled their savings to build houses. The more savings people put in the pot, the more money they had to fund mortgages for new members joining the society. It’s called mutuality and it underpins everything we do.
Back then, it was difficult to buy a house or save money into a bank account if you weren’t well off. But the arrival of the building society helped change all that.
We were founded in 1853 by mill owner Samuel Farey and timber merchant George Kendall, with the purpose of providing a safe place for people’s savings and to help them own homes.
More than 166 years on, our purpose is still the same and now we help over a million people with their savings and mortgages.
We’re owned by members
As a building society, we’re different to banks. People can buy shares in a bank, even if they don’t have an account or use its services. If the bank performs well, the shareholders get a share of its earnings (a dividend).
We don’t answer to shareholders or pay dividends. Instead, our members influence the direction of the business by voting for directors and holding the board to account at our AGM, which means we can focus our attention on you.
When you’re part of a mutual, your opinion matters
Members of Skipton Building Society have a say in how the business is run. It’s called mutuality and it underpins everything we do. Your feedback makes a difference to the decisions we make, on anything from how our marketing materials look to the way we communicate with you.
Choose from a range of accounts to suit the things you’re saving for.
We’ve been helping people secure their own homes since 1853 and we’re here to help you.
Thinking about investing, pensions or inheritance tax? We offer financial advice too.
Protect your home and contents with a choice of cover or check our landlord’s insurance.
Address: The Bailey Skipton North Yorkshire BD23 1DN
Phone: +44 (0) 148 172 7374