Covers a range of topics relating to mortgages and the wider housing market.
Covers issues relating to savings accounts and payments.
Covers developments in conduct of business regulation
Covers issues relating to the corporate governance and constitution of building societies.
People related matters such as talent development, apprenticeships and diversity.
Internal and external accounting assurance and matters relating to tax.
The regulation and supervision of firms to ensure their safety and soundness under the remit of the Prudential Regulation Authority.
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.
A wide range of statistics relating to the UK mortgage and housing markets.
Research, analysis and guidance about our members and the issues that affect them.
Retail savings data including net receipts and deposits, ISAs and interest rates.
Operational and financial information about building societies. Includes AGM & financial results and remuneration details.
Submission and publication deadlines for BSA data and reports.
Bank Rate cut to 4.75% but pace of rate cuts expected to moderate in wake of Budget
News and views on topical issues from the BSA and guests.
View our latest press releases and comment here.
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.
View biographies and download photos of the BSA's key spokespeople
BSA speeches from events and seminars
View the latest webinars, training and other events open to members, associates and other stakeholders
View our latest BSA Annual Conference and comment here.
View our latest Past events & summaries and comment here.
Learn how to promote your event to the BSA's membership.
An introduction to treasury management (30th January 2025)
Find factsheets on mortgages, savings and the building society sector.
Track building societies that no longer exists and get a link to its successor's website.
Find mortgage instructions and specific requirements setting out individual building society policies.
The UK Savings Week campaign aims to get people engaged in saving.
Toolkits to develop Workplace Savings are available here.
Here you can find our publications, responses to consultation documents, mortgage instructions, statistics and sector job vacancies.
Find out more about the BSA and the sector.
Contact details for each of our 49 members.
Our Associate members include a wide range of companies from insurers, banks, accountants, solicitors, and other business suppliers to BSA members.
The National Credit Union Forum (NCUF) is the Credit Union Committee of the BSA.
Find out how building societies have purpose beyond profit
View biographies and download photos of our key spokespeople
Vacancies for senior management, executive and other positions at the BSA and its member organisations
Find out the wide range of benefits of joining the BSA as an associate member.
The Building Societies Association is the voice of the UK's building societies.
There is a growing expectation that house prices will rise, with almost twice as many people in Scotland (39%) anticipating an increase over the next 12 months, compared to three months ago when just 20% thought house prices would increase during 2021.
The latest Property Tracker survey from the Building Societies Association, reveals a surge in consumer confidence in the housing market following the Budget earlier this month.
There is a growing expectation that house prices will rise, with almost twice as many people in Scotland (39%) anticipating an increase over the next 12 months, compared to three months ago when just 20% thought house prices would increase during 2021.
Almost a third of people in Scotland (29%) also think now is a good time to buy a residential property in the UK, compared to 22% in December.
It’s clear that the Chancellor’s Budget announcements earlier this month have boosted confidence in the housing market across Britain. 59% of first-time buyers said the mortgage guarantee scheme, which requires just a 5% deposit, has made them feel more positive about buying a property. The extension to the stamp duty holiday has also led to 40% of people feeling more positive about buying a property.
In the midst of the Covid-19 pandemic, lack of job security has been perceived as the biggest barrier to buying property. Whilst the latest figures show that this is steadily declining, 60% of people in Scotland (Dec 2020 - 69%) see this as a barrier to property purchase , compared to just 50% in London (Dec 2020 - 61%), demonstrating a clear north / south divide in how people feel about future employment prospects.
Commenting, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:
“It’s great to see public confidence in the housing market returning. The vaccination rollout and the publication of the Government roadmap for easing Covid-19 restrictions are likely to have impacted this, but it’s also clear that some measures announced in the Budget, including the government-backed mortgage guarantee for those with small deposits and the stamp duty holiday extension, have been significant contributors to the growing optimism.
“The extension to the furlough scheme has also stimulated confidence overall, however we should be mindful that the full impact the Covid-19 pandemic will have on the economy is still unclear and there’s strong evidence that the effect on household finances varies considerably, with those on lower incomes most negatively impacted.
“With the latest forecast from the Office for Budget Responsibility suggesting the unemployment rate will reach 6.5% this year and many people still benefiting from mortgage payment deferrals, it’s not surprising that almost two thirds of people in Scotland remain concerned about job security and are feeling a little less optimistic about the future.”
Press contacts:
Tanya Jackson, External Affairs, Tel: 07881 501098 tanya.jackson@bsa.org.uk
Katie Wise, External Affairs Officer, Tel: 020 7520 5904, Katie.wise@bsa.org.uk
Notes to Editors: