The Building Societies Association is the trade association for the UK's building societies.
The Building Societies Association is a trade association, representing mutual lenders and deposit takers in the UK including all 46 UK building societies. Mutual lenders and deposit takers have total assets of over £375 bn and, together with their subsidiaries, hold residential mortgages of £245 bn, 20% of the total outstanding in the UK. They hold over £250 bn of retail deposits, accounting for 22% of all such deposits in the UK. Mutual deposit takers account for about 31% of cash ISA balances. They employ approximately 50,000 full and part-time staff and operate through approximately 2,000 branches.
The BSA represents its members to those outside the sector on a number of issues such as building society legislation, the regulation of the sector, developments in the savings market, financial inclusion and the promotion of building societies' mutual status.
The BSA also provides information to its members on these, and a wide variety of other subjects and acts as a central point for building societies to communicate with each other.
The Building Societies Association comments on the autumn statement.
Figures for the Funding for Lending Scheme since it started in 2012.
Building societies and other mutual lenders continue to be the main growth driver in the UK mortgage market.
43% of active first time buyers confused over the Government’s Help to Buy scheme.
Lending by building societies and other mutuals was 50% higher in September 2013 than 2012.