Haywards Heath Building Society

Last updated

Haywards Heath Building Society
Type Mutual
Industry Building Society
FoundedDecember 20, 1890 (1890-12-20) in Haywards Heath, England
DefunctDecember 31, 1992 (1992-12-31) (102 years)
FateMerged with Yorkshire Building Society
SuccessorYorkshire Building Society

The Haywards Heath Building Society was founded in 1890 as the Haywards Heath & District Permanent Benefit Building Society, abbreviating its name in 1962. It merged with the Yorkshire Building Society in 1992.The merger provided the core of Yorkshire Building Society's expansion outside of Yorkshire.

Contents

History

The Haywards Heath & District Permanent Benefit Building Society was formed in 1860 by local Haywards Heath tradesmen. Its first Secretary was dismissed after five years following losses but 1897 saw the appointment of Charles Mackenzie, an accountant, as Secretary, a position he was to hold for over forty years. The Society was run from an office in his home and it was a measure of the small size of the Society that it was not until the eve of Mackenzie's retirement that an independent building was acquired. [1]

The Society expanded over the years in line with the growth of Haywards Heath but its expansion outside the town relied largely on agents and solicitors; only a year after its formation, agencies were opened in four local villages. It was not until 1933 that the first branch was opened in East Grinstead, having developed out of an earlier agency. The 1930s was a boom period for the private housebuilding industry; the Society's mortgages trebled between 1933 and 1939 and loans were being granted across the south coast. After WWII a branch was considered for Reigate but rejected in favour of the agency approach. In 1955 a panel of solicitors was appointed giving coverage from Brighton to Croydon. Finally, in 1970, another branch was opened, Burgess Hill. At long intervals, Crowborough followed in 1979 and Tunbridge Wells in 1885 – the first branch outside Sussex. In 1988, assets reached £100m. [1]

The coverage of the Haywards Heath Society proved attractive to the Yorkshire Building Society which was seeking to expand its coverage in the south, and it duly acquired the Society in 1992. [2]

See also

Following his 1990 history, Wyn K Ford later wrote a paper in 1992 for the Sussex Archaeological Society about the Society's first forty years. [3]

Related Research Articles

<span class="mw-page-title-main">Burgess Hill</span> Human settlement in England

Burgess Hill is a town and civil parish in West Sussex, England, close to the border with East Sussex, on the edge of the South Downs National Park, 39 mi (63 km) south of London, 10 mi (16 km) north of Brighton and Hove, and 29 mi (47 km) northeast of the county town, Chichester. It had an area of 3.7 sq mi (9.6 km2) and a population of 30,635 at the 2011 Census, making it the fourth most populous parish in the county and the most populous in the Mid Sussex District. Other nearby towns include Haywards Heath to the northeast and Lewes, the county town of East Sussex, to the southeast.

<span class="mw-page-title-main">Halifax (bank)</span> British bank

Halifax is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.

<span class="mw-page-title-main">Haywards Heath</span> Human settlement in England

Haywards Heath is a town in West Sussex, England, 36 miles (58 km) south of London, 14 miles (23 km) north of Brighton, 13 miles (21 km) south of Gatwick Airport and 31 miles (50 km) northeast of the county town, Chichester. Nearby towns include Burgess Hill to the southwest, Horsham to the northwest, Crawley northwest and East Grinstead northeast. With only a relatively small number of jobs available in the immediate vicinity, mostly in the agricultural or service sector, many residents work "remotely" or commute daily via road or rail to London, Brighton, Crawley or Gatwick Airport for work.

The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies.

The Woolwich Equitable Building Society was founded in Woolwich in 1847 and remained a local institution until after WWI when it began a modest regional expansion. This accelerated after WWII and the period from 1960 was notable for its acquisitions. Following deregulation, the Society diversified and became one of the largest national building societies.

<span class="mw-page-title-main">Mid Sussex (UK Parliament constituency)</span>

Mid Sussex is a constituency represented in the House of Commons of the UK Parliament from 2019 by Mims Davies, a Conservative. She is currently a minister in the Department for Work and Pensions.

Yorkshire Building Society is the third largest building society in the UK, with its headquarters in Bradford, West Yorkshire, England. It is a member of the Building Societies Association.

The Portman Building Society was a mutual building society in the United Kingdom, providing mortgages and savings accounts to consumers and offering loans to commercial enterprises. Its head office was in Bournemouth and its administration centre in Wolverhampton. Portman merged with the Nationwide Building Society in August 2007, at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.

<span class="mw-page-title-main">Haywards Heath Town F.C.</span> Association football club in England

Haywards Heath Town Football Club is a football club based in Haywards Heath, West Sussex, England. They are currently members of the Isthmian League South East Division and play at Hanbury Park.

Kent Reliance is a banking services provider and trading name of OneSavings Bank plc, based in Kent, England. It was founded in 1898 as the Chatham & District Reliance Building Society, changing its name to the Kent Reliance Building Society in 1986 following the merger with the Herne Bay Building Society.

<span class="mw-page-title-main">Skipton Building Society</span> Financial institution in England

The Skipton Building Society was established in 1853 in Skipton, North Yorkshire, where it remains headquartered. It is the UK's 4th largest building society and has over 1 million members and 100 branches. Its most important subsidiary is the Connells estate agency which operates nationally out of over 500 branches.

<span class="mw-page-title-main">Barnsley Building Society</span>

Barnsley Building Society was established in January 1853 by a group of prominent townsfolk who, following the example of many other towns and cities at the time, decided to form their own building society.

<span class="mw-page-title-main">General Accident</span> Defunct insurance company in Britain

General Accident plc was a large insurance business based in Perth, Scotland. It merged with Commercial Union in 1998 to form CGU plc.

<span class="mw-page-title-main">St Wilfrid's Church, Haywards Heath</span> Church in West Sussex, England

St Wilfrid's Church is an Anglican church in the town of Haywards Heath in the district of Mid Sussex, one of seven local government districts in the English county of West Sussex. It is Haywards Heath's parish church, and is the mother church to two of the town's four other Anglican churches. Designed in the Decorated Gothic style by George Frederick Bodley, it was built between 1863 and 1865 as the town began to grow rapidly, and stands in a prominent position on the highest ground in the area. English Heritage has listed it at Grade II* for its architectural and historical importance.

<span class="mw-page-title-main">St Richard's Church, Haywards Heath</span> Church in West Sussex , United Kingdom

St Richard's Church is an Anglican church in the town of Haywards Heath in the district of Mid Sussex, one of seven local government districts in the English county of West Sussex. The present reinforced concrete and brick structure replaced a temporary building which was a daughter church to Haywards Heath's parish church, St Wilfrid's; the new church soon became parished in its own right to reflect the rapid population growth in the northern part of the town. English Heritage has listed the 1930s building at Grade II for its architectural and historical importance.

<span class="mw-page-title-main">Jireh Chapel, Haywards Heath</span> Church in Haywards Heath, United Kingdom

The Jireh Chapel is a Strict Baptist place of worship in the town of Haywards Heath in the English county of West Sussex. The chapel was built in 1879.

<span class="mw-page-title-main">Battle of Muster Green</span> Battle of the First English Civil War

The Battle of Muster Green was a minor battle of major significance that took place during the first week of December 1642 on and around the then much larger Muster Green in Haywards Heath during the first year of the First English Civil War. A Royalist army under Colonel Edward Ford, High Sheriff of Sussex, marching from Chichester to seize Lewes for the King encountered a smaller but more disciplined Parliamentarian army under Colonel Herbert Morley waiting for them on Muster Green.

The Ramsbury Building Society was formed in 1846 but remained a very local society until the 1950s. It began to expand through agencies, and then in the 1960s opened some twenty branches in Wiltshire and neighbouring areas. Mergers in the 1980s led to name changes, first to the West of England Building Society and then the Regency and West of England Building Society. The Society merged with the Portman Building Society in 1990.

References

  1. 1 2 Wyn K Ford, The Story of the Haywards Heath Building Society 1890-1990, 1990, Haywards Heath
  2. Yorkshire Building Society https://www.ybs.co.uk/your-society/inside-your-society/history.html
  3. Ford, Wyn K. (1992). "The First Forty Years. Early Mortgages and Mortgagors of the Haywards Heath Building Society". Sussex Archaeological Collections . Sussex Archaeological Society. 130. doi: 10.5284/1086685 .