is there any chance of Building Society windfalls ever again?

talexuser

Chances now are zero, but in a generation's time it might well get tried again since we never seem to learn from history. Like dumping the spilt between retail and investment banking. That worked well when the credit crunch hit.

jamei305

Most building societies now have a clause in their T&Cs preventing members getting a payout upon demutualisation.

It's therefore a big waste of £100 to keep an account for only that reason.

kidmugsy

Enigmaman wrote: »

...but part of me just wants to streamline my finances

That happened to me too, the "part" in question being my wife. She was probably right.

gardner1

jamei305 wrote: »

Most building societies now have a clause in their T&Cs preventing members getting a payout upon demutualisation.

It's therefore a big waste of £100 to keep an account for only that reason.

Depends when you opened.....most of the ones I had and the ones I have left haven't

SevenOfNine

jamei305 wrote: »

Most building societies now have a clause in their T&Cs preventing members getting a payout upon demutualisation.

It's therefore a big waste of £100 to keep an account for only that reason.

Nope, I've a very old Nationwide one & that clause does not apply to it. I've only ever transferred the money within Nationwide, never w/d to put it into a 'new' a/c. Just sitting on it, a few hundred £, you never know.

Rich2808

IanManc wrote: »

"Leeds & Holbeck > Leeds" brought you nothing because all that happened was that Leeds and Holbeck dropped "and Holbeck" from its name!

There was another Leeds (permanent) building society - commonly known as the Leeds - which was taken over by the Halifax in 1995. All their branches were rebranded as Halifax.

https://en.wikipedia.org/wiki/Leeds_Permanent_Building_Society

Leeds Building Society was known as Leeds and Holbeck pre 2005 - they borrowed the name.

But Leeds and Holbeck and Leeds were the same - just as the Saffron Walden Herts and Essex became Saffron. Shorter names - more memorable.

Lorian

Makes me wonder what happened to Ord.

Probably showing my age.

18cc

... and Nationwide-Anglia became Nationwide (I think).

18cc

Greedy account holders aka carpetbaggers.

veryintrigued

18cc wrote: »

Greedy account holders aka carpetbaggers.

This.

Months later moaning about the service, availability of branches and lack of decent new and retained products after pocketing the bribe no doubt!