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by the following authors: 'Hilary McVitty'

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Optimism returns to the UK housing market

Press release,
Contact:
hilary mcvitty,
Last updated:
26 March 2015

The future for property purchase is looking bright, with over one third (36%) of people saying that now is a good time to buy, the BSA’s March Property Tracker survey has identified.   The rebound since September is particularly marked by a substantial drop in the number...

Role of building societies in diverse market better understood: regulation remains a threat

Press release,
Contact:
hilary mcvitty,
Last updated:
18 May 2016

Opening the Building Societies Association (BSA) Annual Conference at The Sage, Gateshead today, Robin Fieth, BSA Chief Executive will say to delegates that a lack of trust still pervades modern society, whether in banking, taxation, international relations or domestic politi...

Shared Ownership - BSA comments on PM speech

Press release,
Contact:
hilary mcvitty,
Last updated:
07 December 2015

Major expansion to shared ownership Among the measures expected to be set out by the Prime Minister in a speech today will be plans to re-invent the Shared Ownership Scheme. David Cameron is expected to open the door to an extra 175,000 aspiring home owners through an expa...

The battle of the banks vs building societies - savings, a third party view

Press release,
Contact:
hilary mcvitty,
Last updated:
22 February 2016

According to Independent research published today by SavingsChampion.co.uk  77% of building society variable rate accounts pay more than base rate, compared to 55% of banks Bank variable rate ISAs have seen interest rates nearly halve in five years Bank easy-acc...

Building societies offer greater value to savers

Press release,
Contact:
hilary mcvitty,
Last updated:
20 February 2017

Commenting on the independent Savingschampion.co.uk research issued today which shows that building societies continue to demonstrate that they offer greater value to long-suffering savers than banks, Brian Morris, Head of Savings Policy at the Building Societies Association ...

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

Press release,
Contact:
hilary mcvitty,
Last updated:
03 May 2017

New independent study reveals that home ownership is changing in response to economic, demographic and housing market trends, making borrowing into older age more common Report reveals that over 65s mortgage debt set to double by 2030, rising by more than £19 billion Chang...

Housing reform critical and needs to top new Government agenda says the BSA

Press release,
Contact:
hilary mcvitty,
Last updated:
03 May 2017

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.  Specifically raising the critical need to: Build more homes across a...

New BSA Chairman elected

Press release,
Contact:
hilary mcvitty,
Last updated:
04 May 2017

Jonathan Westhoff, Chief Executive of the West Bromwich Building Society, has been elected Chairman of the BSA. He replaces Dick Jenkins, Chief Executive of the Bath Building Society, who has held the post since November 2015. At the same time, Stephen Mitcham, Chief Executi...

Building societies maintain high market-share in subdued mortgage market

Press release,
Contact:
hilary mcvitty,
Last updated:
24 May 2017

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. Gross lending by the sector was down 15% compared to last year when Stamp Duty changes distorted the ...

Consumer confidence in house purchase deteriorates

Press release,
Contact:
hilary mcvitty,
Last updated:
28 June 2017

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. Statistics from consumer survey Property Tracker published by the BSA, ...

Savingschampion.co.uk press release

Press release,
Contact:
hilary mcvitty,
Last updated:
31 July 2017

Independent savings advice site Savingschampion.co.uk issued a press release today which shows that halfway through 2017, building societies continue to outperform banks in the return that they offer to savers. In the release they say that:  As a group, building societies c...

Pressures in the economy challenge homebuyers and savers

Press release,
Contact:
hilary mcvitty,
Last updated:
14 August 2017

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. Mortgage lending Q2  Buil...

Bank Rate rises from 0.25% to 0.5%

Press release,
Contact:
hilary mcvitty,
Last updated:
02 November 2017

Facts, figures and comment relating to the Bank Rate increase today.  Building societies have over 23 million members (customers) and in the first half of 2017 they approved c225,000 new mortgages, gross lending was c£31 billion.  Savers were better off by £380m in total savi...

The BSA signs up to the Women in Finance Charter

Press release,
Contact:
hilary mcvitty,
Last updated:
10 November 2017

The BSA is proud to have signed up to the Women in Finance Charter , becoming one of the now 162 signatories.  We have committed to work to increase the number of women in our small leadership team to 30% by 2021. Our positive action will include an insistence on gender bal...

BSA Chairman speaks on older borrowers and housing crisis

Press release,
Contact:
hilary mcvitty,
Last updated:
15 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 ...