Policy
Mortgage Policy
Building societies hold residential mortgages of almost £235 billion, 19% of the total outstanding in the UK.
Historically, building societies have always helped people to own their home. Building societies continue to offer a range of mortgage products that meet the needs of existing and potential homeowners. The unique way building societies are run often means that their products, and attidude to lending generally, are different compared to other types of lenders.
The impact of these differences typically mean:
- more prudent and responsible lending - ensuring that the customer is more likely to get a mortgage product that suits their individual needs and is based on affordability;
- stronger customer focus - working with customers beyond the sale of the mortgage to ensure that customers continue to enjoy the benefits of their mortgage; and
- low levels of arrears - building societies work closely with their customers to ensure those in (or at risk of being in) arrears are helped by offering generous forbearance - resulting in very few repossessions.
BSA MEMBERS & ASSOCIATES SHOULD CLICK HERE TO BE TAKEN TO THE MEMBERS ONLY PAGES.
Latest Mortgage Press Releases
Lending and savings up at mutuals in 2011
31.01.2012
Monthly lending and funding data for the mutual sector in December 2011.
BSA comment on the mortgage regulation proposals
19.12.2011
BSA comment on the mortgage regulation proposals published today by the FSA.
Consumer confidence in housing market stable despite economic gloom
16.12.2011
BSA Property Tracker Survey results
Mortgage Matters
Mortgage Matters is our quarterly online publication updating you on mortgage matters from the BSA.
BSA Mortgage Instructions
The BSA has introduced conveyancing instructions for its members. The BSA Mortgage Instructions are being used by 31 lenders including 27 building societies.
Policy issues
BSA Members and Associates should log in to access the members only pages, which contain further detailed information.
Mortgage Research and Publications
Research and policy documents published by the BSA
- Long Term Safety Nets to Protect Mortgage Borrowers
- Reforming the homebuying and selling process industry and professionals' views on the future direction of home buying reform in England
- BSA Property Tracker Survey Results
Improving access to mortgages hasn’t halted lack of consumer confidence in housing market
14.09.2010
- Understanding Mortgage Arrears
BSA responses and submissions
Latest consultation responses and submissions from the BSA on mortgage related policies.
- Reinvigorating Right to Buy and one for one replacement BSA response
- Payment Protection Products Consultation Response by the BSA
- The Green Deal and Energy Company Obligation Consultation Response by the BSA
- Money Advice Service and the coordination and provision of debt advice Response by the BSA
- Technical Reforms of Council Tax Response by the BSA
Consumer information
Further information aimed at helping consumers in the mortgage market can be found in the BSA's Consumers section
