Building Societies Association (BSA)

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BSA: Mutual lenders’ strong start to 2013 continues in March

Gross lending by building societies and other mutuals increased once again in March, and was 8% higher compared to March 2012. Net lending also increased and remained positive, a feature of sector performance for 18 consecutive months now.

BSA: "House building is an important growth engine for the economy"

In its budget submission to HM Treasury, the Building Societies Association calls for the Government to deliver measures that will boost house building and the economy; protect homeowners at risk of flooding, and assist hard-pressed savers.

BSA comments on the publication of the second report by the Parliamentary Commission on Banking Standards

Commenting on the publication of the second report by the Parliamentary Commission on Banking Standards, Adrian Coles, Director-General of the Building Societies Association said:

BSA: Mutual lenders sign up for FLS and increase lending

Of the 39 lenders which have signed up for the Bank's Funding for Lending Scheme (FLS), two thirds are mutual lenders, primarily building societies. Five mutuals had drawn £2.3 billion of funds from the FLS by the end of 2012, 17% of the total amount drawn. However, during Q4 many of the mutual lenders who have signed up for the scheme were finalising the processes for drawing funds, and are likely to do so before it closes next year.

BSA: Mutuals continue to grow mortgage lending in January

Gross mortgage lending by building societies and other mutual lenders was £2.4 billion in January, up by 25% compared to the same month last year. Mutuals took a 21% market share of gross lending in January, up from 18% in January 2012.

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