The BSA Yearbook 2018/19: Facts, Figures and Opinions

Jason Russell, Head of Events, Building Societies Association

The BSA Yearbook is the official handbook of the Building Societies Association, containing all the latest facts and figures from the UK's mortgage industry. The 2018/19 edition is now available and features a full list of Building Societies Association Members, in-depth articles and sector insight.

This must-have handbook is for anyone looking to do business with building societies, offering a huge amount of data and key contacts that will give you the best possible picture of the sector. It is perfect for anyone wanting to research the competition, develop marketing plans, source information on potential clients and gain access to market information. Get your copy today.

Who are the Building Societies Association members?
The Building Societies Association represents all UK building societies, as well as four credit unions. Together these organisations have total assets of over £400 billion and, together with their subsidiaries, hold residential mortgages of over £320 billion, 23% of the total outstanding in the UK. They also hold over £280 billion of retail deposits, accounting for 19% of all such deposits in the UK, including 37% of all cash ISA balances.

For people, not shareholders
Building societies help 25 million people in the UK achieve their financial goals:

  • Borrowing to buy or build a home of their own
  • Saving for a specific purchase, achieving a dream or for a rainy day

Building society borrowers and savers are members of their society. Societies are owned by their members, not by shareholders. Because of this, they can reinvest profits for the benefit of members, for example in local communities and in matters close to the heart of their membership.

At building societies and other mutual organisations like credit unions, it is not just about what they do, but how and why. It’s about their social purpose, culture and behaviour. Research into trust and fair treatment in financial services shows that building societies stand out from the crowd for the right reasons.

Housing for all
People with more complex needs are more likely to find a suitable mortgage at a building society. Those seeking shared ownership or self-build mortgages, older borrowers and those in the ‘gig’ economy can find what they need at a building society.

 Housing for all infographic-2

Savings for life
Because there are no shareholders to pay dividends to, building societies are often able to offer better rates to their savers than other financial institutions. In the first half of 2018, building society savers earned £460 million more interest than they would have if they’d chosen to save with the big banks.19% of all cash savings in the UK are with a building society.

Building societies balance traditional and innovative tools, including digital, to provide savings and mortgage products. This can include:

Innovation infographic

Want to know more about this dynamic area of financial services?
Take a look at the free e-book version (requires Flash).