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Strained household finances are the biggest risk to UK housing market in 2017, survey results reveal

14 December 2016

Consumers are unsurprisingly concerned that stability in the housing market could be affected next year by increased living costs and rising interest rates, the latest Property Tracker survey results reveal.

The Post-Referendum bounce-back in confidence has been short-lived, with fewer consumers viewing now as a good time to buy property than three months ago.

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BSA comments on the FCA launch of a market study on competition in the mortgage sector

12 December 2016

The BSA welcomes the FCA’s open and collaborative approach in the run up to the Mortgages Market Study published today.  The regulator has clearly listened to the feedback provided by the mortgage industry in its call for inputs earlier this year, particularly in relation to the increase in the number of borrowers who approach intermediaries for their mortgage borrowing needs.

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BSA comments on the Autumn Statement

23 November 2016

Commenting on today’s Autumn Statement, Robin Fieth, BSA Chief Executive said:

“We welcome the recognition given to the importance of infrastructure in housebuilding with the announcement of a £2.3 billion housing infrastructure fund in today’s Autumn Statement.....

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Building societies maintain share of lending in slowing mortgage market

21 November 2016

Today the Building Societies Association (BSA) releases mortgage lending and savings figures for all 44 building societies for the third quarter of 2016.

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BSA Members elect new Deputy Chairman

18 November 2016

BSA Members elect Jonathan Westhoff, Chief Executive of the West Brom as BSA Deputy Chairman

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Brexit must be a catalyst for beneficial change for consumers

17 November 2016

A copy of the  BSA Chairman's speech at the BSA Annual Lunch 2016 in which he outlined his views on Brexit and launched a new BSA housing report aimed at bringing new housebuilding technologies into the mainstream to help address housing supply.   

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New BSA report suggests one solution to the UK's housing crisis

17 November 2016

At its Annual Lunch on 17 November, at which Housing and Planning Minister Gavin Barwell MP gave the keynote speech, the BSA launched a progressive housing report; ‘Laying the foundations for Modern Methods of Construction’ (MMC).  Links to the report and the speeches made by Gavin Barwell MP, Housing and Planning Minister and Dick Jenkins, BSA Chairman can be found in Notes to Editors. 

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The BSA comments on the Redfern Review of Britain’s Housing policy

16 November 2016

Commenting on the Redfern Report into Housing issued today, Paul Broadhead, Head of Mortgage Policy at the BSA said: "As we consistently find through our consumer research, the biggest barrier facing home buyers is their ability to raise a deposit.
The size of that is related to the price of homes; and prices are pushed up by a lack of supply in the face of increasing demand.

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Consumers will continue to save for a rainy day and housing

14 November 2016

It was a relief to many, both savers and savings providers alike, that the Monetary Policy Committee decided last week to hold the Bank Base Rate at 0.25%.  Although the Bank has now said it won’t reduce rates again this year, if the outlook worsens this rate could fall again.  The BSA commissioned Ipsos MORI to survey a group of online 2,256 adults¹ aged 16-75 across the UK to investigate their savings intentions over the next 12 months

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Building societies lending age limits

28 October 2016

Following the recommendations of the BSA's 2015 interim report on Lending into Retirement (Lending to older borrowers), building societies have largely reviewed their lending criteria.

Please find below an updated list of the 33 societies who have chosen to increase their upper lending age limit to 80, 85 or remove all together.

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BSA responds to the FCA’s decision to consult on mortgage payment shortfall remediation guidance

19 October 2016

BSA responds to the FCA’s decision to consult on mortgage payment shortfall remediation guidance

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Building Societies dominate savings accounts and mortgage best-buy tables

3 October 2016

Building societies are topping the tables when it comes to consumers' preferred savings accounts and mortgage providers, an independent consumer group reveals. Fairer Finance helps consumers to find a bank or building society that offers a good service, not just a good rate.

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