Press releases

Property Tracker: The weak economic outlook and continued uncertainty about the impact of the UK’s exit from the EU are factors driving negative consumer sentiment about the housing market for a 4^th consecutive quarter across Britain.  

• Date: 29 March 2018

Robin Fieth, Chief Executive of the Building Societies Association comments on the appointment of the new FinTech Envoys announced by the Chancellor, Right Hon Philip Hammond MP in his speech at the International FinTech Conference today

• Date: 22 March 2018

Industry confirms new voluntary agreement for Cash ISA Transfer Performance in 2018

• Date: 12 March 2018

Released today, lending and savings figures from the BSA for 2017 show that building societies approved 29% of all new mortgages in 2017, and savers deposited £8.5 billion in building society accounts.

• Date: 13 February 2018

Today’s follow-up from the FCA on interest-only mortgages paints a broadly positive picture in which lenders are taking action to engage with and help customers with this type of mortgage.  The objective since 2013 has been to discuss alternatives with borrowers who risk being unable to repay their mortgage at the end of their term

• Date: 30 January 2018

Comparing the two groups as a whole, building societies continue to outperform banks in key areas, latest figures produced by Savings Champion has shown.
 

• Date: 18 January 2018

 Released today, the latest BSA Property Tracker survey results reveal that:

• The Chancellor’s move to abolish Stamp Duty for first-time buyers has been well received, although Stamp Duty remains a relatively low-level concern for home buyers
   
• A greater proportion of consumers feel now is not a good time to buy property than feel it is a good time – for the third quarter in a row.
   
• People are more concerned about potential risks to the housing market, including an increase in the cost of living and Brexit

• Date: 13 December 2017

Commenting on the Chancellor’s housing proposals, Andrew Gall, Chief Economist at the Building Societies Association said:

“Much of what the Chancellor said moved the housing debate in the right direction...

• Date: 22 November 2017

Released today, lending and savings figures from the BSA show that building societies approved 29% of all new mortgages in Q3 2017, and savers deposited £1.3 billion in building society accounts.

• Date: 20 November 2017

Speaking at the BSA Annual Lunch, BSA Chairman, Jonathan Westhoff, gave an update on sector action for older borrowers on the second anniversary of the first BSA report

Almost 60,000¹ mortgages were written in the first 6 months of 2017 which will mature when the borrower is 65 or older, a 45% increase on the same time in 2015...

• Date: 15 November 2017

The Building Societies Association is proud to have signed up to the Women in Finance Charter.

• Date: 10 November 2017

Facts, figures and comment relating to the 0.25% Bank Rate increase today, 2 November 2017.

Building societies have over 23 million members (customers) and in the first half of 2017 they approved around 225,000 new mortgages, gross lending was just over £31 billion.  Over the same 6 months, savers were better off by £380m in total iwith a building society, compared to the big banks.   

• Date: 02 November 2017