Press releases

View our latest press releases and comment here.

Sign up to receive Press Releases

By subscribing you consent to us sending you press releases

Stamp Duty change well received, but key barriers to home ownership remain an issue

 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
View Press Release

BSA Chairman speaks on older borrowers and housing crisis

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
View Press Release

The BSA signs up to the Women in Finance Charter

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

  • Date: 10 November 2017
View Press Release

Bank Rate rises from 0.25% to 0.5%

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
View Press Release

Pressures in the economy challenge homebuyers and savers

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.

  • Date: 14 August 2017
View Press Release

Cash ISA transfer performance - H1 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.

  • Date: 04 August 2017
View Press Release

Savingschampion.co.uk press release

Halfway through 2017, building societies continue to outperform banks in the return that they offer to savers

  • Date: 31 July 2017
View Press Release

Consumer confidence in house purchase deteriorates

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.

  • Date: 28 June 2017
View Press Release

Building societies maintain high market-share in subdued mortgage market

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.

  • Date: 24 May 2017
View Press Release

New BSA Chairman elected

Jonathan Westhoff, Chief Executive of the West Bromwich Building Society, has been elected Chairman of the BSA.

  • Date: 04 May 2017
View Press Release

Housing reform critical and needs to top new Government agenda says 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.

  • Date: 03 May 2017
View Press Release

Lengthening the ladder: BSA launches report that shows rise in consumers borrowing in retirement

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.

  • Date: 03 May 2017
View Press Release