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The Building Societies Association (BSA) has today announced the sector’s ambition to create a million workplace savers by 2025. The project was developed by the BSA’s member-led Savings Taskforce, which will work with partners to achieve the target.
Updated research from Savings Champion has shown that building societies continue to pay better rates to their customers than banks.
Brian Morris Head of Savings Policy at the BSA says: "“We support the FCA’s intentions to improve the outcomes for long-standing savers across the whole market, but are uncertain that the proposed single easy access rate for cash savings (SEAR) will deliver the desired result."
The Royal Institution of Chartered Surveyors (RICS), The Building Societies Association (BSA), and UK Finance have today agreed a new industry-wide valuation process which will help people buy and sell homes and re-mortgage in buildings above 18 metres (six storeys).
Colin Fyfe, Hinckley & Rugby Building Society CEO & Chair of the BSA Green Finance Taskforce commented:
“Building societies are supportive of this new, positive and timely Coalition for the Energy Efficiency of Buildings, and we look forward to working together. Our newly formed, sector-led Green Finance Taskforce has been set up with the objective of improving the energy efficiency of the existing housing stock – making energy efficiency improvements as seamless as possible for homeowners. The links between us are clear.”
Released today, results from the BSA quarterly Property Tracker survey reveal that:
- Brexit and General Election result are two of the biggest risks to the housing market - Housing market sentiment remains negative, but more people think prices will rise - Energy efficiency of homes is important – and 1 in 4 people think the Government should take responsibility for it
Released today, lending and savings figures from the Building Societies Association (BSA) show that building societies accounted for over a quarter of new UK mortgage approvals in Q3 2019.
The Building Societies Association (BSA); the Tax Incentivised Savings Association (TISA) and UK Finance (UKF) committed that for 2019, a minimum of 85 per cent of cash ISA transfers would be completed within seven working days.
“The BSA welcomes FCA’s updated responsible lending rules. BSA members actively participated in the implementation group, and we thank the FCA for their collaborative approach to this consultation...
Third party press release: Cifas, the UK’s leading fraud prevention service, has revealed that mortgage fraud has seen a 5% increase in the first six months of 2019 compared to the last six months of 2018.
New report shows conclusively that people on lower incomes are just as likely to be active savers as those who earn higher amounts, once essential needs are met.
The BSA's quarterly Property Tracker shows a third of people across Great Britain (33%) expect house prices to fall over the next 12 months, up from 24% in June 2019. Just 23% of the population believe that house prices will rise.