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The latest BSA position on COVID-19 (coronavirus)
Today Chancellor Rishi Sunak delivered his 2020 budget. The BSA comments...
Released today, the BSA Property Tracker survey results reveal that:
Today the Ministry for Housing, Communities & Local Government (MHCLG) launched a consultation on its ‘First Homes’ scheme.
92 per cent of cash ISA transfers were completed within seven working days between 1 January - 31 December 2019, reports the BSA, TISA and UK Finance.
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.