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News Pig May17



20 June 2017 : Press release Ipswich Building Society participates in first-ever Suffolk Day with 100 mile charity bike ride

Ipswich Building Society will participate in celebrating the first-ever Suffolk Day, on 21 June with a 100 mile charity bike ride and a number of fundraising events across 5 of its branches.

  • My Freehold House

    Exciting plans to renovate Freehold Land Society House

    The Society is delighted to be working in partnership with Ipswich Building Preservation Trust* which is seeking to identify a property built by the Freehold Land Society for renovation by the Trust as an exemplar project. Just over 100 suitable houses have been selected for possible purchase if they should come on the market. Occupiers of these special homes will be contacted by letter in the next few weeks.

    If you have received a letter from Ipswich Building Preservation Trust and would like more details, call in and collect a personalised information pack about the history of your property from either our Ravenswood or Sailmakers branch.

    *Ipswich Building Preservation Trust is a registered charity set up in 1978 to monitor buildings at risk and support officers of the Borough in working to secure historic buildings. The Trust is ready to play its part when buildings become available for restoration.

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    Timeline 2017 Indesign JPEG

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    Our Heritage

    Our History

    From 1849 through to the first quarter of the 20th century, many parts of Ipswich as well as other Suffolk towns were developed by the Society under its original name of the Ipswich and Suffolk Freehold Land Society (I & SFLOld UBS featheredS).

    This was part of a national movement to create what were known as 'forty shilling freeholders'; giving the ordinary man a chance to buy enough land to give him the right to vote. In the early days the Society purchased large parcels of land, laying out roads across this land and dividing it into allotments that were offered for sale to its senior members.

    Later the Society branched out into house building, constructing good quality properties with an identifiable style. The Society continued to branch out in the 20th century with 10,000 members by 1924 and an asset size of £1m (worth £64m in 2016) in 1934. The Ipswich & Suffolk Permanent Benefit Building Society outlasted other, smaller building societies in the region, becoming the Ipswich & Suffolk Building Society in 1969 and finally merging with the Ipswich & District Building Society in 1975 to become Ipswich Building Society.


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    Our Story

    The story of Ipswich Building Society

    Ipswich Building Society was established in 1849 as the Ipswich & Suffolk Freehold Land Society, as part of a national movement to create 'forty shilling freeholders' - giving the ordinary man the chance to buy enough land to enable him to vote.

    Ipswich was fast developing, spreading westwards along Norwich Road and eastwards along Woodbridge Road. During the 1840s the Wet Dock was opened, the largest in Europe, and new railway lines linked Ipswich to Colchester, Bury St Edmunds, Hadleigh and Norwich.

    The Society’s declared aim was to “improve the social position and promote the moral elevation of the unenfranchised population of this country”.  People would be able to invest their savings with the Society, with that money being used to purchase areas of freehold land. This land would be divided into plots of sufficient size to confer its owner the right to vote.

    May we help you w.border

    At the first meeting on 4 December 1849 at the Ipswich Temperance Hall (demolished 1964), the Society enrolled 140 members with 150 shares taken. Within a week this had increased to 400 shares.

    In 1850, the Society acquired its first piece of land – 98 acres at the Cauldwell Hall Estate. Now known as the California area of Ipswich at the time it was part of an outlying farm well outside the town.  

    By 1858 the first come, first served model of allocating plots to members was replaced by balloting. Members interested in a particular development would submit their ballot paper to the Secretary; should their corresponding numbered ball be drawn out they could proceed to purchase outright - or through an affordable mortgage with the Ipswich & Suffolk Permanent Benefit Building Society.

    In 1866 the Society built houses for the first time, having already allotted 1,000 plots of land across 22 estates. The Society laid out two new Roads, Palmerston and Lancaster, with 28 houses built and sold by ballot for £145. The last houses were built in Shafto Road, Ipswich in 1933by which time the Society had developed over 50 estates in Ipswich, and more across Suffolk including Felixstowe, Stowmarket, Lowestoft, Framlingham and Hadleigh.

    Now, 167 years on, the Ipswich Building Society remains a mutual organisation working in the best interests of its members, with 9 branches throughout Suffolk.

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    Self Build Property Market 2016 Infographic

    Our infographic provides an at a glance look at the self build property market.

  • Ipswich (Town Centre)01473 230211Email usBranch information
  • Ipswich (Ravenswood)01473 273736Email usBranch information
  • Aldeburgh01728 453840Email usBranch information
  • Hadleigh01473 827373Email usBranch information
  • Halesworth01986 875133Email usBranch information
  • Haverhill01440 710720Email usBranch information
  • Saxmundham01728 603876Email usBranch information
  • Sudbury01787 375388Email usBranch information
  • Woodbridge01394 380537Email usBranch information
  • Capel St Mary 01473 311558 Email us Branch information
  • Felixstowe 01394 282037 Email us Branch information
  • Mildenhall 01638 711171 Email us Branch information
  • Southwold 01502 723308 Email us Branch information

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