In most standard definitions, mutuality means “Having the same relationship, each to the other”. Mutual “members” are identical in that they know from the outset that any perceived risk and reward is shared equally between all members, irrespective of size of business or bank balance. Crucially, however, members of a mutual know that they contribute equally and fairly to the financial overheads in return for an equal and fair share of any possible benefits. A mutual relies on a sound business model and the common purpose of its membership and does not restrict the activities of its members.
David Cameron welcomes new competition from PropertyMutual in online property marketing.
- PropertyMutual - The Independent & Equitable Property portal where no members can be 'more equal than others' -
London 14th January 2014: The launch of PropertyMutual.co.uk, the UK’s first ‘mutual’ property portal has been welcomed by Prime Minister, The Rt. Hon. David Cameron MP for Witney.
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