The Building Societies Association (BSA) has published its latest round of lending statistics. The statistics show that 91,000 mortgages were approved in Q1 2015 including £12.7 billion of gross new mortgages.
The effect of NS&I’s Pensioner Bonds had a detrimental effect on the aggregate savings balances held with building societies, with a fall of £2.2 billion in the first quarter of the year.
Paul Broadhead, Head of Mortgage Policy at the BSA, said: “Societies hold a 20% share of mortgage balances, but have had a much greater share of the flow of new lending for some time. In the first quarter they delivered 29% of all new mortgages”.
The full dataset of the statistics can be downloaded here.