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The BSA Property Tracker survey has revealed that high house prices more of a concern than Brexit to those who don't think now is a good time to buy, housing market sentiment has remained negative for over two years, and, house price expectations rise
This report demonstrates why building societies put such an onus on their role in their communities; from providing valued services and skilled employment, to working with and supporting local institutions and infrastructure such as town centres, and looking after the world around us.
Mike Regnier, Chief Executive of the Yorkshire Building Society has been elected as the new Chair of the Building Societies Association.
Building society lending and savings figures for Q1 2019 show that building societies accounted for 57% of the growth in the mortgage market, and took 35% of cash savings deposits in the first quarter of the year.
From 1 January to 31 March 94 per cent of cash ISA transfers have been completed within seven working days, well above the minimum commitment of 85 per cent.
Christopher Lawrenson MBE, Head of Legal Services at the BSA comments:
“The key issues regarding conduct in financial services in the early 2000s were twofold: Firstly, certain firms demonstrated poor governance practices and culture. Secondly, there was inadequate regulatory oversight and enforcement - with a major factor being the lack of regulatory tools to apportion and enforce individual accountability.
Paul Broadhead, Head of Mortgages & Housing comments:
“It is positive to see FCA recognise that the mortgage market broadly works well although one sentiment that should be addressed is the perceived idea that the cheapest mortgage equals the best mortgage - this is always not the case.
24 building societies have reached the finals of the Moneyfacts 2019 Awards. Their success stretches across nine mortgage categories; five savings and current account categories; and the Innovation in Personal Finance and Personal Finance Provider of the Year categories.
Released today, the BSA’s Property Tracker survey results reveal that:
The APP Scams Steering Group has published a voluntary code of practice. It will come into effect on 28 May when members of the Steering Group will abide by the code, and encourage other financial service providers to do the same.
Lending and savings figures published today show that building societies lent £68.9 billion in mortgage finance in 2018, up 7% on 2017. Over the same period savings balances increased by £14.3 billion, well ahead of the £8.5 billion increase for the previous year.
The BSA, TISA and UK Finance report that 90% of cash ISA transfers were completed within seven working days during the 12-month period from 1 January 2018 to 31 December 2018, well above the 85% target.