Covers a range of topics relating to mortgages and the wider housing market.
Covers issues relating to savings accounts and payments.
Covers developments in conduct of business regulation
Covers issues relating to the corporate governance and constitution of building societies.
People related matters such as talent development, apprenticeships and diversity.
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A new legal aid scheme to support borrowers at risk of repossession (member only content).
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Retail savings data including net receipts and deposits, ISAs and interest rates.
Operational and financial information about building societies. Includes AGM & financial results and remuneration details.
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Inflation falls to lowest level in almost 3 years but underlying components remain high. As such, MPC unlikely to vote to cut Bank Rate in June.
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View our latest press releases and comment here.
The BSA's quarterly magazine covers whats happening in the world of building societies, credit unions and the wider financial services sector.
A quarterly survey that assesses consumer sentiment regarding the UK property market.
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Understanding cyber security risks and preparing for an attack (24th September 2024)
Find factsheets on mortgages, savings and the building society sector.
Track building societies that no longer exists and get a link to its successor's website.
Find mortgage instructions and specific requirements setting out individual building society policies.
The UK Savings Week campaign aims to get people engaged in saving.
Toolkits to develop Workplace Savings are available here.
Here you can find our publications, responses to consultation documents, mortgage instructions, statistics and sector job vacancies.
Find out more about the BSA and the sector.
Contact details for each of our 49 members.
Our Associate members include a wide range of companies from insurers, banks, accountants, solicitors, and other business suppliers to BSA members.
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The Building Societies Association is the voice of the UK's building societies.
The Building Societies (Floating Charges and Other Provisions) Order 2016 makes a series of consequential changes to ensure the Building Societies Act is up to date and reflects current legislation and the operating environment for building societies.
The draft statutory instrument makes a series of consequential technical changes, all of which are important and necessary in relation to the main policy measure, which is the repeal of the prohibition on floating charges in section 9B of the Building Societies Act. The repeal within the Building Societies Act itself was amended by Schedule 9 to the Financial Services (Banking Reform) Act 2013. The consequential changes focus particularly on the application of insolvency legislation.
The logic for repealing section 9B was the recognition that secured funding is an accepted and flexible funding tool, which is far more commonplace and necessary now than when section 9B was introduced. Building societies will therefore be on a level playing field with banks in this regard, enabling them to compete effectively but safely. This has no impact on the nature of limits in the act, which require societies to raise 50% of their funds from retail depositors. In practice this level is nearer 80%.
The particular rationale for the section 9B prohibition has also fallen away; that is the ability to appoint an administrative receiver under a floating charge no longer exists following the Enterprise Act. Prior to this, the level of control an administrative receiver could have exercised over a society’s assets was contrary to the mutual model of ownership.
These changes now recognise the landscape and reality that building societies are operating in and the recent legislative changes.
In the future we would like to see additional changes to the Building Societies Act, including:
We are pursuing these matters with the Treasury.
Download pdf briefing