The basic principle of building society business is to assist people to buy our own homes. This principle of home-ownership was first adopted in 1759 by a group of people saving for and building our own homes.
It was soon realised that more could be achieved by taking in savings from people not looking for homes for themselves, but who were seeking interest to be paid on our savings. In this way the foundations of the business, saving and lending, were established.
Today, building societies are still a principal avenue of savings and lending. our convenience, simplicity of operation and the stability and care displayed to the public has built up a great trust that has contributed significantly to the growth of this unique movement.
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 it 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 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!
Mortgage Lender Dunfermline Building Society