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The voice of building societies
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The BSA welcomes the publication of the FCA’s Ageing Population and Financial Services paper today. It represents an important first step by the regulator in encouraging the lending community to respond to the changing demographics by broadening the range of products available to those in or nearing retirement.
Commenting Paul Broadhead, Head of Mortgage Policy at the BSA said:
“The increase in newly built homes being sold on a leasehold basis is rarely to the benefit of homebuyers, so the Government’s focus on protecting consumers in this area is encouraging...
Developments in the wider economy are making it more challenging for homebuyers and savers. Building societies continue to support both groups, and maintained a high market share of new mortgage lending and savings in the second quarter of 2017.
The Building Societies Association (BSA); the Tax Incentivised Savings Association (TISA) and UK Finance (UKF) committed that for 2017, a minimum of 80% of cash ISA transfers would be completed within seven working days.
Halfway through 2017, building societies continue to outperform banks in the return that they offer to savers
The Building Societies Association commissioned YouGov in July to conduct independent research into levels of customer service at building societies, banks and other providers.
Survey participants with a mortgage or savings account provider, were asked to state whether they agreed or disagreed with seven customer service statements about their providers. The results show that building societies continue to have a significant lead over other providers when it comes to customer service, outperforming their competitors on all seven measures.
Short-term uncertainty from the General Election result has caused a deterioration of consumer confidence in the housing market, according to a report from the Building Societies Association out today.
Building societies continued to approve one in three new mortgages across the UK in the first three months of 2017, and to provide a third of loans made to first time buyers.
Jonathan Westhoff, Chief Executive of the West Bromwich Building Society, has been elected Chairman of the BSA.
At the Building Societies Association (BSA) annual conference in London today, Chief Executive, Robin Fieth, will call on political party leaders to make housing reform a priority for the next Government.
A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.
The British Bankers’ Association (BBA), the Building Societies Association (BSA) and the Tax Incentivised Savings Association (TISA) committed that for 2017, a minimum of 80% of cash ISA transfers would be completed within seven working days.