Building societies have grown their share of the mortgage market since the financial crisis, now providing around 23% of outstanding mortgage loans.
In certain years after the 2008/9 financial crisis the stock of mortgages in the UK would have shrunk if it hadn't been for the building society sector. In the decade after the financial crisis, societies accounted for 43% of net mortgage lending.
In 2019, before the disruptions of Covid, societies helped almost 100,000 first-time buyers to buy their first home.
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