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Tuesday 27th November 2007
Building societies "offer far higher levels of service" when compared to banks, according to a spokesperson for the Building Societies Association (BSA).
Research by Moneyfacts carried out in October of this year found that building societies offer a massive 70 per cent of the top 250 mortgages and according to recent reports, building societies witnessed record high deposits over September, as interest in building societies grows among the public
Speaking about the increased number of customers depositing money into building societies in the wake of the Northern Rock crisis, Neil Johnson, PR and policy manager at the BSA, said that building societies exist to "give their members a good level of service and a competitive product".
He attributed the sector's rising number of customers to this, fact and said that as a result of the service and products on offer, building societies are "very good at keeping hold of their customers".
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