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“The BSA welcomes the FCA’s discussion paper on Price discrimination in the cash savings market.
“The paper notes that building societies ‘tend to offer higher interest rates than banks already and many have relatively small back-books’. This is reinforced in recent independent Savings Champion data...
Seven in 10 (70%) of us say that the difficulties young people have getting onto the housing ladder is one of the biggest problems we have in Britain today.
Released today, lending and savings figures from the BSA for Q1 2018 show that building societies were accountable for 43% of the growth in the mortgage market, and took 40% of cash savings deposits between January and March.
Stephen Mitcham, Chief Executive of Cambridge Building Society has been elected as the new Chair of the Building Societies Association. Stephen who has held the post of Deputy Chair since May 2017 takes over from Jonathan Westhoff, Chief Executive of the West Brom.
In the opening speech of the two-day BSA Annual Conference in Manchester, BSA Chief Executive Robin Fieth outlined the seven themes which should be on every building society board agenda.
The weak economic outlook and continued uncertainty about the impact of the UK’s exit from the EU are factors that are generally driving consumer sentiment about the housing market down right across Britain. However people in Scotland have become a little more optimistic than they were a year ago. Propertry Tracker results.
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 across the country. However people in the North West are bucking the trend and are by far the most optimistic about their prospects in the housing market, if slightly less so than a year ago. Property Tracker results.
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, and Londoners are feeling the most negative of all UK regions, although they are a little less pessimistic than they were a year ago. Property Tracker results.
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
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.
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
Comparing the two groups as a whole, building societies continue to outperform banks in key areas, latest figures produced by Savings Champion has shown.