As of August 28, 2007, Portman Building Society was acquired by Nationwide Building Society. Portman Building Society, through its subsidiaries, provides mortgages, savings, and insurance products in the United Kingdom. Its business activities include mortgage asset acquisition; mortgage lending; leasing; and regulated life, pensions, and investment sales. Portman offers fixed rate mortgages, discount rate mortgages, and tracker mortgages. The company also provides various types of savings plans, such as savings accounts, tax-free accounts, cheque accounts, various fixed interest and fixed income bonds, guaranteed equity products, and offshore savings and investment products. In addition, it offers insurance products comprising home insurance, mortgage related insurance, travel insurance, and buy to let insurance. As of April 23, 2007, Portman had a network of 153 branches. The company was founded in 1846 and is headquartered in Bournemouth, the United Kingdom.