Covers a range of topics relating to mortgages and the wider housing market.
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A new legal aid scheme to support borrowers at risk of repossession (member only content).
Building societies and credit unions are customer-owned mutual organisations. Their culture is focused on their members and communities and this influences their day to day decisions.
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Bank Rate cut to 4.75% but pace of rate cuts expected to moderate in wake of Budget
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The BSA's quarterly magazine covers whats happening in the world of building societies, credit unions and the wider financial services sector.
A quarterly survey that assesses consumer sentiment regarding the UK property market.
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An introduction to treasury management (30th January 2025)
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Track building societies that no longer exists and get a link to its successor's website.
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The UK Savings Week campaign aims to get people engaged in saving.
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The Building Societies Association is the voice of the UK's building societies.
Guest blog by BSA Associates, Gateway Surveyors
In surveying circles, 2020 has been a year like no other, as surveying services did something never seen before, other than on Christmas Day, in that it just stopped. In the light of the growing COVID pandemic the surveying industry demanded creative thinking throughout to ensure that it played its part in supporting the continuing movement of the housing market.
Where access to properties became increasingly limited, if not completely prohibited, products had to be developed so that surveying services could continue in a safe manner for all concerned. There are very limited options available but surveyors have adapted and can now use a number of ways to produce reports safely including a combination of desktop valuations, visits to the property’s exterior with internal photos and questionnaire being supplied by the occupant. And finally, a video call where surveyors direct the occupant around the property, recording it for later analysis. In addition, with the focus very much on the green agenda, where many of our lenders are now offering a green mortgage product, this is a perfect solution in ensuring carbon emissions remain low.
The road back to the new normal has had its challenges with surveyors now visiting houses looking like extras from Silent Witness, working under a raft of very sensible rules and regulations designed to protect both the residents and the visiting surveyors alike. Now we’re back on firm footings in a buoyant market with proactive support from the Government by means of the freeze on stamp duty. That said with the green agenda in the limelight these solutions are here for the long term.
So, having taken the journey of a working lifetime, the industry has emerged at the end of the tunnel in a stronger, and perhaps more balanced position.
Please visit www.gatewaysurveyors.co.uk.
The BSA is delighted to have the opportunity to contribute to the FCA’s review of requirements following the implementation of the Consumer Duty.
The BSA strongly supports the principle of charging a fee to CMCs.