Manchester Building Society Group

Manchester Building Society is a United Kingdom-based company engaged in the provision of competitive facilities for personal savings and for mortgage finance primarily to support owner occupation of residential property. The Company offers a range of mortgage accounts. The Company has a portfolio of lifetime mortgage loans secured on Spanish residential property. It offers mortgage and savings products. Its various mortgage offerings include moving home, first time buyers and remortgaging. The Company accepts deposits from customers at both fixed and floating rates of interest, some of which are for fixed periods and others are open-ended. The Company seeks to enhance its interest margins by investing these funds in mortgages, liquidity instruments and liquid assets. The Company's subsidiaries include MBS (Mortgages) Limited, which is engaged in mortgage lending and MBS (Property) Limited, which is engaged in property ownership.