I was reading last week that, along with the Nationwide, the Britannia is one of the two biggest building societies in the UK? Anyone have any ideas of where they stand with regard to all this subprime lending? How safe they are?

Considering them as an option to spread my savings around.

When I worked in the public sector a few years ago, Britannia where very active in this sector with mortgages, car loans etc. As I can't see Gordy sacking public workers they should be O.K

Britannia like Nationwide are a staunch mutual.

Whereas all of the 'riskier' banks these days NR, A&L, B&B were mutuals who openly sought demutualisation.

Hence, the staunch mutuals are a far safer bet

Thanks both, I am looking to the likes of Britannia and the Yorkshire Building Society also.

Watch out for a possible merger between Britannia and the Co-op.......





Son of Limahl

was just about ot say the same, had to find the links

http://business.timesonline.co.uk/tol/busi...icle4933646.ece

http://www.thisismoney.co.uk/investing-and...e_id=3&ct=5

http://www.dailymail.co.uk/money/article-1...ng-society.html

http://www.teletext.co.uk/finance/city-new...rger+talks.aspx

http://news.bbc.co.uk/1/hi/business/7665974.stm

http://business.timesonline.co.uk/tol/busi...icle4933646.ece

http://www.expressandstar.com/2008/10/13/b...n-merger-talks/

http://www.citywire.co.uk/personal/-/news/....aspx?ID=317362

http://www.ftadviser.com/MortgageAdviser/M...s-with-CoOp.jsp