Scarborough Building Society was formed in May 1846 – making it the oldest building society in Yorkshire and the second oldest in the UK. The Ecology Building Society on the other hand is one of the youngest Building Societies starting trading in 1981. It was founded after a conference of the Ecology Party now called The Green Party. ( I don’t think they will be renaming the building society but you never know after the latest European Elections).
The Society is building a reputation in several niche areas adding to its original early strength with mortgages for ‘smallholdings’ and buildings in need of renovation. It works with Housing Associations and Co-operatives to encourage the refurbishment of terrace houses and the use of brown field sites rather than the indiscriminate new build we so often see.
They provide a series of interesting Ecology based pdf’s for those wanting more information The new head office in Silsden, pictured above, was designed to have an airtight structure, high levels of insulation and low energy requirements. Photovoltaic panels were installed to generate electricity from the sun plus a heat exchanger and a high-efficiency condensing boiler have been installed.
The sedum natural roof serves to replace bird and insect habitat and the surroundings were designed to protect bio diversity. Rain water harvesting provides the water for several purposes and the materials used were from renewable sources or recycled. If you are thinking of applying for a mortgage, addressing these issues in your application in relation to your property, may help you.
Savings accounts may also be available as the Ecology Building Society is authorised & regulated by the Financial Services Authority (registration number 162090). They subscribe to the Banking Code, copies of which are available from them on request and are covered by the Financial Ombudsman Service.