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The new name 'Nationwide' was put to a member vote, with members voting 135,675 to 15,585 in favour. [7] In 1987, the Northampton-based Anglia Building Society merged with Nationwide. The new society was known as Nationwide Anglia Building Society at first, but the Anglia name was dropped in 1991. [8]
The London and South of England Building Society transferred engagements in 1983 and the Country (including the engagements of the former Westminster) Building Society transferred in 1984. [ 4 ] In 1987, the Society merged with the Nationwide Building Society, which was formed in London in 1883 and known as the Co-operative Permanent Building ...
The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London . [ 1 ] In 1970, it was renamed the Nationwide Building Society .
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
The group then grew through acquisition, buying Nationwide estate agents and surveyors from Nationwide Building Society in 1994, Spencers from National and Provincial Building Society in 1995 and London firms Faron Sutaria, PKL and John D Wood & Co. in 1997. In 1998 the business was renamed Countrywide Assured plc and demerged from Hambros plc.
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The other main class of consumer financial service organisation in the United Kingdom is the building society. The building society sector has become much smaller with fewer building societies. This was caused, firstly, a number of building societies demutualising in the 1980s and 1990s and subsequently, taken over by banks.