The Building Societies Association has published figures showing that building societies approved over 103,000 mortgages between July and September 2015.  These approvals accounted for 27% of the total market – well above societies’ natural market share of 21%.

During this period:

  • Building societies advanced £15 billion in gross new mortgage lending
  • Net lending (gross lending minus repayments) was £3.8 billion, accounting for a 32% share of the market
  • Savings balances increased by £3.7 billion, giving building societies’ a 34% share