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Building societies lent £65bn in 2016: BSA


Building societies approved 448,157 mortgages in 2016, to the value of £65.4bn, according to the Building Societies Association.

The BSA says the final quarter of 2016 saw building societies approve one in three mortgages, totaling 109,543 loans, up 7 per cent on Q4 2015.

BSA head of mortgage policy Paul Broadhead says: “Despite the uncertainties facing the UK economy in the wake of the vote to leave the European Union, consumer confidence remained remarkably strong in the final three months of 2016.

“This was reflected in the demand for mortgages which was up on 2015. Momentum did, however slow in the second half of the year.  This was not simply due to ‘Referendum’ caution, the Stamp Duty change in April also had a noticeable effect.

“So far this year employment levels have remained stable and low interest rates are clearly an advantage for home buyers, but the uncertain economic outlook for 2017 may mean home buyers exercise more caution.”



Consumers worried about 2017 housing market: BSA

Consumers are worried housing market stability could be hit next year by rising living costs and  interest rates, the Building Societies Association says. The BSA’s latest property tracker survey results show that the post-Referendum spike in property market confidence was short lived. The BSA says fewer consumers believe now is as a good time to […]


Building society lending strong but slowing: BSA

The rate of lending growth by building societies slowed in the third quarter, according to figures from the Building Societies Association. The BSA says its members approved 110,129 new mortgage loans between July and September, up 6 per cent on the 103,758 mortgage loans approved in Q3 2015. BSA members approved 118,600 mortgages in the […]

Bricks building housing construction

BSA promotes offsite housing construction in new report

The Building Society Association has said that utilising offsite construction to build homes is the one solution to the UK’s housing crisis. In it’s ‘Laying the foundations for Modern Methods of Construction’ report launched today at the BSA lunch, the association says that this building method offers a way of providing well designed, high quality, affordable homes […]

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Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


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