10 Reasons why your savings are safe with The Nottingham
| 1) | We are financially very strong and take the security of our members’ savings very seriously. |
| 2) | The quality of our mortgage book is very good. Our arrears levels are less than a quarter of the industry average and have improved further this year. |
| 3) | We have no exposure to sub prime mortgages and have never bought a mortgage book. |
| 4) | We take more of our funding from members (approximately 75%) than the industry average (70%). |
| 5) | We have no investments in Icelandic banks. |
| 6) | No member of a building society has lost money since records began, which is over 60 years. |
| 7) | We are a member of the Financial Services Compensation Scheme which guarantees up to £50,000 per customer. Further information on the Scheme is available (in the consumer section) at www.fscs.org.uk. |
| 8) | In addition to managing our business through the challenging market conditions, we have made significant recent investments in new systems to improve efficiency and the service we offer. We will continue to make improvements to the way we run our business for the benefit of our members. |
| 9) | We obtained a credit rating from Moody's earlier this year. Moody's commented that "the stable outlook also reflects our central expectation that a weakening of the UK property market will not have a material impact on the financial fundamentals of Nottingham Building Society." |
| 10) | We remain focused on building a strong independent mutual future for our members. |