Carpetbagging

Robert5988

This thread stems from the thread on Britannia Building Society.

Most of us are aware that the majority(all?) of Building Societies have closed the loophole for new customers as they are required to sign away their rights to any future entitlement to monies/shares on privatisation.

However in the Britannia thread it has been indicated that this exclusion from a slice of the assets(on privatisation) lapses after 5 years.

Does anyone have any further information on this? i.e. which Building Societies this applies to and those it does not apply to.

johnllew

Rpoints (formerly Carpetbagging.com) has a Mutuals forum where you'll probably find what you're looking for. You'll find the forum via this link.

You may also find some info in this forum at Moneybag.

Robert5988

Thanks John,
Interesting sites, they go on a bit in the Money Bag don't they - I looked at a couple of political threads.

Couldn't see anything about the 5 year rule though.

Robert

johnllew

they go on a bit in the Money Bag don't they

That's putting it mildly!

Couldn't see anything about the 5 year rule though.

This is Rpoints' Building Society Database. If you click on a BS name in the list, it will give you details of any signaway clause (amongst other things). Whilst getting a bit out of date now, it may be a good place to start. I think HB is the expert on the Mutual forum; if you have a specific question, why not put it to him?