![]() Hill’s biggest achievement was the 1928 merger of the Halifax Permanent with another local society, the Halifax Equitable Benefit Building Society. Offices in Glasgow and Edinburgh were opened four years later. In all, the Society financed the building of some 14,000 homes - 60% of all the houses built under these schemes.Įxpansion continued apace with a new head office on Commercial Street in 1921, and a London office in 1924. The role of the Halifax was pivotal, advancing money to developers at very low rates of interest. The 1920s brought a severe housing shortage, and a series of government-led national house building schemes. By 1927, assets had risen far higher to £27 million. In 1913, assets reached £3 million and the Halifax became the largest building society in the world. ![]() Hill had a profound influence on the development of the Society, and oversaw its dramatic expansion. He was both President and Managing Director from 1928-1938. Coincidentally, this land now forms part of the Halifax’s head office site on Trinity Road.Ī giant in the history of the Halifax, Enoch Hill took over as Secretary in 1903. Then, on 26th May 1853, Hanson became the very first person to be granted a mortgage by the Halifax. Fisher was elected President, and Taylor named Secretary (a position he was to hold for nearly 50 years). All three played a pivotal role in the Society's early history. Office space was rented in the Old Market, and an announcement placed in the Halifax Guardian.Īmongst the founding fathers were John Fisher, a local bank manager J.D.Taylor, a solicitor’s clerk and Esau Hanson, a textile manufacturer. Rules were drawn up, and a chairman, trustees and directors appointed. Lenders would receive interest on their savings borrowers would be charged it.īy Christmas that year, the Halifax Permanent Benefit Building Society was formally established. Those with spare cash could invest it others could then borrow, using the funds to acquire a house. Their aim was to set up an investment and loan society, for the mutual benefit of local working people. In December 1852, a small group of men gathered in the Old Cock Inn, Halifax.
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